Bidder Pools in Mergers and Acquisitions
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https://www.nber.org/papers/w34846
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资源简介：
Allocation mechanisms in M&A deals are complex, but a main feature is that a target board controls who to invite to the sale. In a theoretical model, we show that it is optimal for the target to invite fewer potential acquirers when they are more homogeneous (i.e., when their values for the target
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美国国家经济研究局创建时间：
2026-02-01
