Large shareholders, takeovers and target valuation

Article Abstract:

Large block acquisitions are value enhancing, with target shareholders getting some 13% over the 11-day period surrounding partial acquisition announcements. The probabilities of full takeover bids, hostile bids and success of bids are also affected by partial acquisitions. The nature of the takeover bid and the identity of the block acquirer determine returns to target shareholders following block acquisitions. These were the results of an investigation of the valuation effects of large share acquisitions, using a sample of 228 UK listed firms where partial acquisitions were made from 1985-1992.

Stockholders, Valuation

---

Glamour acquirers, method of payment and post-acquisition performance: the UK evidence

Article Abstract:

Whether of not mergers actually create shareholder value is an important question and a matter of extensive research. This article investigates four related areas: the long- and short-run performance of acquirers; whether or not acquirers' performance depend upon pre-bid status or glamour; the interaction between acquirers' payment methods and status; and whether payment methods or pre-bid status dominate acquirers' long-run performance.

Labor Distribution by Employer, Economic aspects, Statistics

---

Discussion of Glamour acquirers, method of payment and post-acquisition performance: the UK evidence

Article Abstract:

This article remarks upon the paper by Sudi Sudarsanam and Ashraf A. Mahate regarding share price performance of corporations following takeover activity

Analysis, Prices and rates, Stocks, Mahate, Ashraf A., Sudarsanam, Sudi

Similar abstracts:

• Abstracts: Accounting and the interpretive act. Discussion of 'the micro dynamics of a budget-cutting process: modes, models and structure'
• Abstracts: A simple and numerically efficient valuation method for American puts using a modified Geske-Johnson approach
• Abstracts: Factors affecting the valuation of corporate bonds. Modern portfolio theory, 1950 to date. Optimal investment strategies with investor liabilities
• Abstracts: The chairman's statement and corporate financial performance. The incremental effect of narrative accounting information in corporate annual reports
• Abstracts: Educational programmes for shiftworkers, their families, and prospective shiftworkers. Guidelines for shiftworkers: trials and errors?

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