search query: @indexterm Pension funds / total: 253
reference: 97 / 253
| Author: | Mitchell, M. L. Mulherin, J. H. |
| Title: | The stock price response to pension terminations and the relation of terminations with corporate takeovers. |
| Journal: | Financial Management
1989 : AUTUMN, VOL. 18:3, p. 41-56 |
| Index terms: | SHARE PRICES MERGERS PENSION FUNDS SHAREHOLDERS |
| Language: | eng |
| Abstract: | Review of the stock price effects linked with termination of 327 overfunded pension plans, whether takeovers were the primary cause, and adoption of pension parachutes to impede acquiring firms from accessing pension assets. Background to the pension termination. Prior stock market analysis of pension terminations. Stock price reactions around the file date and legal termination date. Cross sectional analysis of abnormal returns. Pension plan terminations and corporate takeovers. Terminations after takeovers, and leveraged buyouts. Whether pension reversions explain takeover premiums. Terminations due to a threat of a takeover. Six Exhibits illustrate the study. |
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