Showing 121 - 130 of 389,867
private merger negotiation process affects bidding strategies. Weprovide strong evidence that market reactions to information …
Persistent link: https://www.econbiz.de/10013224166
This study aims to evaluate the merger effect of hotel mergers between 1981 and 2019 and assess which theoretical … well as merger and hotel industry-specific variables. This panel data analysis showed that, in a merger where both the … bidder and target are affected, the amount of total debt, being engaged in the casino business, and whether the merger was …
Persistent link: https://www.econbiz.de/10013212696
On October 16, 2009, the U.S. government charged Galleon hedge fund founder Raj Rajaratnam and five others with insider trading, in what was described by a key prosecutor overseeing the case as a "wake-up call to Wall Street and to every hedge fund manager." We find that the mean abnormal stock...
Persistent link: https://www.econbiz.de/10013080643
holders are more likely to vote in favor of the merger proposal. Our results suggest the presence of coordination of decisions …
Persistent link: https://www.econbiz.de/10013062358
potential competitors yet fly under the radar of current merger control due to the features of the digital economy. We …
Persistent link: https://www.econbiz.de/10012793220
This study examines whether the content of firms' Security Exchange Commission (SEC) filings submitted for their merger …
Persistent link: https://www.econbiz.de/10013312315
We study the process of corporate restructuring for a sample of 298 firms during the 1989-98 period that announce that they are considering restructuring alternatives. We find that restructuring is a lengthy process, with the majority of the restructuring period occurring prior to any definitive...
Persistent link: https://www.econbiz.de/10011569361
Revaluations of industry peers around horizontal acquisitions are negative when targets are private, but positive when they are public. We posit this “revaluation spread” arises because acquiring managers favor private targets when public firms are overvalued. Targets' ownership status thus...
Persistent link: https://www.econbiz.de/10011947196
Merging utilities are frequently required to share the economic benefits of a merger with ratepayers. These benefits … are often measured using stock price movements at the time of the merger announcement. While event studies of this sort … this paper, we review the basic event study approach to merger evaluation and discuss some of the complicating factors. We …
Persistent link: https://www.econbiz.de/10014199945
, controlling for this EF, merger size is unrelated to announcement period returns …
Persistent link: https://www.econbiz.de/10014219844