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Author:Peyer, U. C.
Vermaelen, T.
Title:The many facets of privately negotiated stock repurchases
Journal:Journal of Financial Economics
2005 : FEB, VOL. 75:2, p. 361-395
Index terms:Market efficiency
Market information
Stock repurchases
Freeterms:Greenmail
Language:eng
Abstract:This article examines privately negotiated share repurchases in the years 1984-2001. The writers find positive announcement returns and premiums that are not significantly different from zero. This is in contrast to the negative announcement returns and positive premiums reported by past research.
SCIMA record nr: 257091
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