Bidder Discounts and Target Premia in Takeovers
收藏NBER2002-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9009
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资源简介：
When a takeover is announced, the sum of the stock-market values of the firms involved often falls, and the value of the acquirer almost always does. Does this mean that takeovers do not raise the values of the firms involved? Not necessarily. We set up a model in which the equilibrium number of
提供机构：
美国国家经济研究局
创建时间：
2002-06-01
