Returns to shareholders in successfully defended takeover bids: UK evidence 1975-1984

Article Abstract:

Much research has been undertaken on mergers as there is evidence that it dominates economic prosperity and apportionment. There has been a failure to embrace hostile bids. The study examines successfully hostile bids in between 1975 and 1984. The US definition of hostile bid is used, meaning an unwanted bid or tender which is actively protected. Results show that target companies that defend their bids successfully improve their performance up to 24 months after the bid. Bidders obtain positive atypical returns in the month before the bid.

---

Takeover prediction and portfolio performance, a note

Article Abstract:

In an attempt to improve forecasts of high returns from investing in companies targeted for takeovers, smaller portfolios and higher probabilities are used than in a previous study. However, model results provide explanations, but do not show increased market returns over the next twelve months.

Australia, Portfolio Management, Statistical Data Included, Models

---

Increasing Market Share as a Rationale for Corporate Acquisitions

Article Abstract:

Research shows that the market share increase of merging companies exceeds 30% compared to the pre-merger level, and is higher once industry changes are taken into account. Improvements in asset management and their affect on post-merger profitability are also discussed.

Influence, Comparative analysis, Market domination, Market share

Similar abstracts:

• Abstracts: Limart's shareholders approve stock-exchange admission. Circuit breakers ensured a better result
• Abstracts: Reasons for high food prices in small market areas: the case of Aland Islands. The Impact of Wal-Mart Supercenters on Supermarket Concentration in U.S. Metropolitan Areas
• Abstracts: Information asymmetry and the bid-ask spread: evidence from the UK. The valuation of deferred taxation: evidence from the UK partial provision approach
• Abstracts: Market reactions, characteristics, and the effectiveness of corporate layoffs. The impact of receiving debtor-in-possession financing on the probability of successful emergence and time spent under Chapter 11 bankruptcy
• Abstracts: Competition and information production in market maker models. The earnings information content of divident initiations and omissions

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.