The role of debt purchases in takeovers: A tale of two retailers
In this paper, we examine acquisitions of two financially distressed retailers-Federated's takeover of Macy's, and Zell Chilmark's takeover of Carter Hawley Hale. In both cases the raider purchased some of the target's outstanding debt to launch its takeover attempt. These debt p...
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| Format: | Journal article |
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2006
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