. The problem is deterministic and it is assumed that the takeover success probability is equal to 1. The model allows to … identify the range of costs that the bidder has to bear considering the restrictions imposed by the law on takeover bids. The …

Does the Takeover Bids Directive need revision? The answer to this question will most likely affect the Commission …

decisions involved in any corporate takeover attempt: (1) deal initiation, (2) pre-offer toehold acquisition, (3) offer price … made in takeover negotiations where the outside option is the outcome of an open auction. Empirical findings include the … and not the bidder. (2) Notwithstanding takeover premiums averaging 40+%, only a small fraction (less than 5%) of bidders …

corporate governance mechanism in blockholder regimes. We explore a comprehensive dataset covering all the takeover bids … least as important as the legal details of takeover regulation for insuring an effective protection of minority shareholders …

To explain why sellers in takeover auctions limit bidders entry, we structurally measure economic costs incurred by the …

takeover bid resistance. Tests on a sample of cash tender offers provide support for the managerial welfare hypothesis. The …

This is a short article on UK takeover regulations and was prepared for the meetings with the specialists on Takeovers … on the wall of the waiting room of the UK Takeover Panel …

We address whether the joint bidding by private equity consortiums facilitates collusion in the takeover market. We … takeover competition than other types of bidders. While we find some evidence that target abnormal returns are lower in private … equity consortium deals for narrow windows around the initial takeover-related announcement date, we find that these results …

This paper examines the optimal bidding strategy in takeover contests for a target firm, and the positive correlation …