โ Scribed by Elizabeth Croft; Han Donker
No coin nor oath required. For personal study only.
Let's face it: hostile takeovers can be exciting. Sometimes they are like a war between companies. But what is a good strategy for bidders to follow before the big battle so they can be the victors? What are the consequences of pursuing different strategies? And how can bidders avoid the dreaded winner's curse and other disasters? ยฉ 2008 Wiley Periodicals, Inc.
๐ SIMILAR VOLUMES
In this paper we investigate the determinants of, and relationship between, wealth creation and bid resistance for a sample of 178 successful takeover bids in the U.K. Within the context of an event study approach we test a range of hypotheses against a background that recognizes the existence of ag