more likely to become a takeover target and offer premium and acquirers’ announcement returns are positively associated …’ takeover likelihood generates economically significant returns. Our results are robust to a battery of additional analysis, and … useful for participants in the corporate takeover markets …

This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the …

This paper examines conference call meetings held around merger and acquisition (M&A) announcements in the UK market …

There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …

Employing a sample of 492 merger and acquisition (M&A) announcements from 284 acquirers across North America and Europe …

This paper analyzes informed trading in acquiring firms through (stock) merger announcements. We show that pre …-announcement abnormal option volumes in acquiring firms strongly increase ahead of a stock merger (by approximately 300%). Furthermore, we … abnormal put than call option trading before stock merger announcements. Overall, our results support the view that top …

obtain abnormal returns that are statistically significant after the announcement of the M&A. However, when the merger is not …