Target Revaluation after Failed Takeover Attempts – Cash versus Stock
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Cash- and stock-financed takeover bids induce strikingly different target revaluations. We exploit detailed data on unsuccessful takeover bids between 1980 and 2008, and show that targets of cash offers are revalued on average by +15% after deal failure, whereas stock targets return to their pre
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美国国家经济研究局创建时间:
2012-07-01



