Consequences of Riding Takeover Waves: Australian Evidence
This paper uses Australian data to analyze takeover bid premiums and long-term abnormal returns for mergers that occur during wave and non-wave periods. Findings reveal that bid premiums are slightly lower in wave periods, and bidding firms earn normal post-takeover returns (relative to a portfolio...
| Main Authors: | , |
|---|---|
| Format: | Journal Article |
| Published: |
Wiley-Blackwell Publishing Asia
2012
|
| Online Access: | http://hdl.handle.net/20.500.11937/17628 |