11/8/2022 0 Comments Corporate takeover![]() ![]() This item may be available elsewhere in EconPapers: Search for items with the same title. O%3B2-Z&origin=repec full text (application/pdf)Īccess to full text is restricted to JSTOR subscribers. This paper discusses the corporate con- trol market by focusing on hostile takeovers as a mechanism for corporate control. Copyright 1987 by American Finance Association.Ĭitations: View citations in EconPapers (260) Track citations by RSS feed These findings supported by analysis of nonconvertible bonds, are attributed mainl y to signaling effects and imply that the inconclusive evidence of ea rlier studies on takeovers may be due to their failure to control for the method of payment. ![]() ![]() In other words, takeover happens when one company through bidding, assumes control of another company. The results are independent of the type of takeover b id, i.e., merger or tender offer, and of bid outcomes. What is a Corporate Takeover A takeover is a term used in business when a given company is purchased by another (the acquirer). The results reveal significant differences in the abnormal returns between common stock exchanges a nd cash offers. This study explores the role of the method of payment in explaining common stock returns of bidding firms at the announcement of takeover bids. Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns ![]()
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