The distribution of target ownership and the division of gains in successful takeovers

Article Abstract:

This paper presents evidence that the distribution of target ownership is related to the division of the takeover gain between the target and the bidder for a sample of successful tender offers. In the whole sample, the target's gain is negatively related to bidder and institutional ownership. In the sample of multiple-bidder contests, the target's gain increases with managerial ownership and falls with institutional ownership. (Reprinted by permission of the publisher.)

Research, Management, Corporations, Tender offers (Securities), Tender offers

---

Wealth destruction on a massive scale? A study on acquiring-firm returns in the recent merger wave

Article Abstract:

A study is conducted to find out the effect of acquisitions on the returns of acquiring-firm shareholders.

United States, Financial management, Analysis, Finance, Return on investment, Company financing, Rate of return, Stakeholders

---

Similar abstracts:

• Abstracts: Making acquisitions work. Leadership passages: being part of an acquisition or merger. Doubling in size, post-merger, SBC learned to consolidate functions quickly and effectively
• Abstracts: The antecedents of consumer expectations of services: an empirical study across four industries. Preventing or fixing a problem: a marketing manager's dilemma revisited
• Abstracts: An investigation of market microstructure impacts on event study returns. New findings regarding day-of-the-week returns over trading and non-trading periods: a note
• Abstracts: Assessing specification errors in stochastic discount factor models. An investigation of commodity futures prices using the consumption-based intertemporal capital asset pricing model
• Abstracts: The arbitrage pricing theory and supershares. The effects of different taxes on risky any risk-free investment and on the cost of capital

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