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Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers?

Cotter, James F.; Shivdasani, Anil; Zenner, Marc - 2012

Authors' description of their article: Whereas the gains to target shareholders are usually large in tender offers, managers of takeover targets can have incentives to defeat such offers. We examine whether the presence of independent outside directors on boards of tender offer targets help to...

Persistent link: https://www.econbiz.de/10014224543