Bond calls, credible commitment and equity dilution: A theoretical and clinical analysis of Simultaneous Tender and Call (STAC) offers
This paper is an exploration of the ability of game theory to explain real-world corporate maneuvering. We explore this issue by investigating bond tender offers accompanied by a threat to call nontendered bonds, so called "Simultaneous Tender and Call" (STAC) offers. We argue that STACs e...
| Autores principales: | , , |
|---|---|
| Formato: | Journal article |
| Publicado: |
2001
|