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 …

acquisition, bidders have a fundamental conflict of interests with target shareholders from which activist investors are immune …

, evidence is in strong support that firms with merger-related conference calls yield a higher abnormal return than firms merely …

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

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My … contribution is to show who actually has power in a takeover and what factors are at work to give such power. Although directors … are traditionally considered to be in charge in deciding the outcome of a hostile takeover of a Delaware corporation …

The paper examines the returns to shareholders of acquiring companies in India during the period 2003-08. The abnormal … or unlisted) acquired on the stock returns of the acquiring companies' shareholders.The results indicate that M …&A generate statistically significant abnormal returns on the announcement as well as higher post M&A returns for shareholders of …

ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …

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 …