✦ LIBER ✦

Information Revelation via Takeovers in Correlated Environments

✍ Scribed by Rudolf Kerschbamer

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 72 KB
Volume: 18
Category: Article
ISSN: 0143-6570
DOI: 10.1002/(sici)1099-1468(199702)18:1<55::aid-mde806>3.0.co;2-3

No coin nor oath required. For personal study only.

✦ Synopsis

This paper studies the informational content of takeover bids in correlated environments and provides an explanation for the empirical result that industry rivals of takeover targets exhibit positive share-price reactions on the announcement of a bid.