legal provisions of acquisition agreements to address the distinctive risks facing each merger. But the empirical question … details of the legal terms of acquisition agreements. Our approach leverages the fact that merger announcements (which lay out … a merger have strong incentives to complete the deal regardless of what legal contingencies are triggered. We argue that …

-taking. These results are consistent with the “takeover incentive hypothesis,” an original proposition stating that GPs influence … risk-taking through the incentive of a CEO with a GP to accept a takeover, as well as delta's role in affecting the weight … of the CEO's incentive to maximize the expected takeover-associated equity portfolio wealth. The findings do not support …

receive if they chose to redeem. This requires a pro forma assessment of the post-merger entity’s value, accounting for the …

Merger control exists to help safeguard effective competition. However, findings from a natural experiment suggest that … regulatory merger control reduces the profitability of corporate acquisitions. Uncertainty about merger control decisions reduces … takeover threats from foreign and very large acquirers, therefore facilitating agency-motivated deals. Valuation effects are …

when merger bonuses are present in deals where targets exhibit high pre-takeover abnormal accruals or are subject to SEC …Do merger bonuses to target CEOs facilitate a wealth transfer from target to acquirer shareholders? We test this … generate small synergies. When target CEOs get a merger bonus, acquirers pay lower premiums, but they also typically get less …

Unscheduled stock options to target CEOs are a non-trivial phenomenon during private merger negotiations. In 920 … target CEOs for benefits they forfeit because of the merger. Targets granting unscheduled options are more likely to be …

minority shareholders. While a freeze-out executed as a statutory merger is subject to stringent entire fairness review, the … shareholders, on average, when it uses a tender offer compared to a merger. This difference between tender offers and mergers seems …-thirds of post-Siliconix freeze-outs still proceed through the traditional merger route. I present some evidence that …