Returns to Bidding and Target Finns in Hostile Takeovers: Some UK Evidence
This paper explores the returns to bidding and target firms in hostile takeovers and their combined wealth effects on the announcement of the offer in the UK. The findings reveal that bidder firms earn negative and significant abnormal returns, whereas target firms earn positive and significant abno...
| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
1991
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| Online Access: | http://psasir.upm.edu.my/id/eprint/2887/1/Returns_to_Bidding_and_Target_Finns_in_Hostile_Takeovers.pdf |