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This study examines whether the content of firms' Security Exchange Commission (SEC) filings submitted for their merger …
Persistent link: https://www.econbiz.de/10013312315
We study the process of corporate restructuring for a sample of 298 firms during the 1989-98 period that announce that they are considering restructuring alternatives. We find that restructuring is a lengthy process, with the majority of the restructuring period occurring prior to any definitive...
Persistent link: https://www.econbiz.de/10011569361
Revaluations of industry peers around horizontal acquisitions are negative when targets are private, but positive when they are public. We posit this “revaluation spread” arises because acquiring managers favor private targets when public firms are overvalued. Targets' ownership status thus...
Persistent link: https://www.econbiz.de/10011947196
, controlling for this EF, merger size is unrelated to announcement period returns …
Persistent link: https://www.econbiz.de/10014219844
This research focused on the shareholder wealth effect of comScore, Inc.’s merger withRentrak Corp, and a sentiment … analysis data has explanatory power for abnormal return on the merger forcomScore and Rentrak …
Persistent link: https://www.econbiz.de/10014238313
This study analyzed activism that leads to a merger or acquisition (M&A) of a firm to see its benefits for the …
Persistent link: https://www.econbiz.de/10014034757
degree of media coverage, positive and negative media coverage) and various takeover characteristics. We find that media … coverage is negatively associated with the takeover premium. This holds for both positive and negative media coverage. Thus, no … news is good news in terms of achieving a higher takeover premium. The method of payment shows an ambiguous relation with …
Persistent link: https://www.econbiz.de/10013492561
This paper measures the capital markets’ reaction to merger announcements within the announcement month using the … significant. These results indicate that the gains around the merger announcements reflect synergetic gains, not the wealth …
Persistent link: https://www.econbiz.de/10014168243
This article revisits the protectionism hypothesis related to the European merger regulation (EMR). In the 1990s, EMR … EC in the 1990s. With a sample of 474 merger proposals submitted to the EC during 1990–2007, we show that the EC …
Persistent link: https://www.econbiz.de/10013109990
higher takeover premiums relative to their non-cross-listed peers. Moreover, shareholders of Sarbanes-Oxley-compliant targets …
Persistent link: https://www.econbiz.de/10013141528