This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a … sample of 207 stock-for-stock mergers from 1996 to 2004, we show that target merger premiums vary inversely with target … director representation on the post-merger board. We also provide some evidence that both inside and outside target directors …

smaller initial takeover premium proposals. We find evidence that, controlling for endogeneity, top defense litigation counsel …

Using hand-collected data, we examine the targeting of shareholder class action lawsuits in merger & acquisition (M …&A) transactions, and the associations of these lawsuits with offer completion rates and takeover premia. We find that M&A offers … takeover premia in completed deals, after controlling for the same factors. Economically, the expected rise in takeover premia …

Using a sample of US bank mergers from 1995 to 2012, we observe that the pre-post merger changes in CEO bonus are … corporate governance but are positively correlated with pre-post merger changes in the M/B ratio of the bidding banks, in line …