Stock Price Manipulation Through Takeover Bids
نویسندگان
چکیده
منابع مشابه
Markup Pricing in Mergers and Acquisitions
This paper studies the relation between the premiums in takeover bids involving exchange-listed target firms from 1975-91 and the pre-announcement stock price runups. The evidence shows that the pre-bid runup and the postannouncement increase in the target’s stock price (the Amarkup@) are generally uncorrelated. With little substitution between the runup and the markup, the runup is an added co...
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