Toeholds and Takeovers.
Toeholds have an enormous impact in 'common-value' takeover battles, such as those between two financial bidders. This contrasts with the small impact of a toehold in a 'private-value' auction. The authors' results are consistent with empirical findings that a toehold helps...
| Main Authors: | , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
1999
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