search query: @author Ryngaert, M. D. / total: 1
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| Author: | Ryngaert, M. D. |
| Title: | Firm valuation, takeover defenses, and the delaware supreme court. |
| Journal: | Financial Management
1989 : AUTUMN, VOL. 18:3, p. 20-28 |
| Index terms: | ASSET VALUATION MERGERS SHARE PRICES |
| Language: | eng |
| Abstract: | An investigation of the impact of two Delaware court decisions giving Delaware corporations management takeover defences to defeat hostile takeovers, related to the "Household" decision. How the potential takeover candidates experienced a price decline, while a portfolio of firms adopting similar defences had no price reaction after the court decisions. Poison pill-type takeover defences: two-tier tender offers, managerial entrenchment and shareholder interest hypotheses. Testable implications of competing theories. Empirical evidence. |
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