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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 …
Persistent link: https://www.econbiz.de/10014072285
This study analyzed activism that leads to a merger or acquisition (M&A) of a firm to see its benefits for the …
Persistent link: https://www.econbiz.de/10014034757
that have occurred throughout the world from 1997 to 2018. This data is sourced from the Zephyr database, which includes …
Persistent link: https://www.econbiz.de/10014095740
A great merger wave occurring in the United States between 1897 and 1903 was the single most important event in a … dispersed share ownership. The merger wave of 1897 to 1903 illustrates that surges in demand for shares founded upon optimistic …
Persistent link: https://www.econbiz.de/10014103270
Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has received interest from academics and practitioners. While M&As continue to be the subject of thorough investigation from a corporate governance standpoint, comparatively less effort has been made to organize and...
Persistent link: https://www.econbiz.de/10013471479
degree of media coverage, positive and negative media coverage) and various takeover characteristics. We find that media … coverage is negatively associated with the takeover premium. This holds for both positive and negative media coverage. Thus, no … news is good news in terms of achieving a higher takeover premium. The method of payment shows an ambiguous relation with …
Persistent link: https://www.econbiz.de/10013492561
We examine whether political corruption impedes mergers and acquisitions (M&As) decisions. Using a comprehensive sample of Chinese firms, we find that corruption has a substantial, negative relation with the firm acquisitiveness. Further evidence suggests that the impact is more pronounced when...
Persistent link: https://www.econbiz.de/10014258694
I analyze the acquirers in both withdrawn and completed merger deals to disentangle the effects of signaling from those … withdrawn counterparts over the six months following initial announcement. However, if an announced stock merger later falls …
Persistent link: https://www.econbiz.de/10014188870
I compare the wealth of private firm owners that exit their firms through reverse mergers (RMs) to the wealth that could have been obtained in initial public offerings (IPOs), sellouts, or by remaining private. Private firm owners that use the RM exit mechanism have significantly less post-exit...
Persistent link: https://www.econbiz.de/10013029211
We study the restructuring of the labor force after mergers and acquisitions. Overall restructuring is large. Net employment of targets declines by more than half within two years after acquisitions relative to a matched sample, and is concentrated in targets that close all establishments. There...
Persistent link: https://www.econbiz.de/10013227936