haku: @author Huang, M. / yhteensä: 3
viite: 2 / 3
Tekijä: | Bulow, J. Huang, M. Klemperer, P. |
Otsikko: | Toeholds and takeovers. |
Lehti: | Journal of Political Economy
1999 : JUN, VOL. 107:3, p. 427-454 |
Asiasana: | |
Vapaa asiasana: | Auctions Mergers Corporate restructuring |
Kieli: | eng |
Tiivistelmä: | The results of this study are consistent with empirical findings that a toehold helps a buyer win an auction, sometimes very cheaply. A controlling minority shareholder may therefore be effectively immune to outside offers. The analysis extends to regulators selling "standard assets", creditors bidding in bankruptcy auctions, and so forth. |
SCIMA