attributed to either the collusion, productive efficiency, acquisition probability or pre-emptive merger hypothesis. In contrast …

all bidders forecast, we document a higher likelihood of post-merger litigation and CEO turnover for bidders with a weak … forecasting reputation and for those that underperform post-merger …

We investigate whether the merger announcement dates provided in the Securities Data Corporation (SDC) database, a … earlier abnormal price movements due to merger-related events such as merger rumors or search-for-buyer types of announcements …

This study examines the impact of merger and acquisition (M&A) announcements made by U.S. companies listed on New York …

Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … consistent with rising merger synergies that have become less bidder-specific …

We document market anticipation of merger bids and that less anticipated bids earn significantly higher announcement …

' information processing even in the context of one of the largest and most important corporate events – merger announcements. More … reaction to Friday stock swap announcements is muted, as evidenced by lower acquirers' merger announcement abnormal trading … volumes and less pronounced acquirers' merger announcement abnormal stock returns …

of SEC filings (10-K Form) and the prognostic power of such language for takeover performance. The sample under study … long-term takeover performance, suggesting that managerial virtuous talk is, in practicality, an indication of lower post …-acquisition gains for the acquirers in the long run. Furthermore, takeover returns are found to reflect textual information on trust …