Mergers and Acquisitions: Strategic and Informational Issues
NORTH HOLLAND HANDBOOKS IN OPERATIONS RESEARCH AND MANAGEMENT SCIENCE: FINANCE, Vol. 9, pp. 839-887, 1995
Posted: 5 Oct 2008 Last revised: 19 Oct 2008
Abstract
This essay describes the relationships between different models of the takeover process, and where possible provides analytical syntheses to integrate major trends in the literature. I focus mainly on three types of models: (1) models of tender offers, which examine the decisions of individual shareholders whether to tender (sell) their shares to a bidder, (2) models of competition among multiple bidders, and (3) models that examine the voting power of target managers who own shares.
Suggested Citation: Suggested Citation
David A. Hirshleifer (Contact Author)
Marshall School of Business, USC ( email )
Marshall School of Business
Los Angeles, CA 90089
United States
HOME PAGE: http://https://sites.uci.edu/dhirshle/