Toeholds and Takeovers.

Toeholds and Takeovers.

他のバージョン（2件）を表示する

Part ownership of a takeover target can help a bidder win a takeover auction, often at a low price. A bidder with a 'toehold' bids aggressively in a standard ascending auction because its offers are both bids for the remaining shares and asks for its own holdings. While the direct effect o...

書誌詳細
主要な著者:	Bulow, J, Huang, M, Klemperer, P
フォーマット:	Working paper
言語:	English
出版事項:	CEPR 1996

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