's ownership and control to affiliated parties and terminatingits public status. These deals are subject to mandatory disclosure … a deal and with thetime between its announcement and resolution. Next, we find that disclosure volume ispositively … associated with three proxies for the intensity of shareholders' negotiations:upward price revisions, disclosure amendments, and …

week after the announcement date of the takeover of a privately-held target firm have a material impact on the pricing and … for smaller acquirers, even when the relative deal size is above the threshold levels specified in the SEC's disclosure … requirements. Overall, our results suggest that it may be optimal to further reduce the disclosure costs faced by smaller acquirers …