The Synergy Trap by Mark L. Sirower

Author:Mark L. Sirower
Language: eng
Format: epub
Publisher: The Free Press
Published: 1997-07-15T00:00:00+00:00

TABLE A.2

Historical Evidence of Returns to Acquirers #xa0;

Study Transaction Type 1960s 1970s 1980s

Source: Ronald Gilson and Bernard Black, The Law and Finance of Corporate Acquisitions, 2d ed. (Westbury, NY: Foundation Press, 1995).

Loderer and Martin (1990) Tender offers and mergers 1.7% ( z = 8.73) 0.6% ( z = 5.49) −0.07% ( z = −0.34)

Jarrell, Brickley, and Netter (1988); Tender offers 4.4% ( t = 4.02) 1.2% ( t = 2.12) −1.10% ( t = −1.54)

Jarrell and Poulsen (1989) #xa0; #xa0;

Bradley, Desai, and Kim (1988) Tender offers 4.1% ( z = 5.88) 1.3% ( z = 1.58) −2.93% ( z = −2.79)

Asquith, Bruner, and Mullins (1983) Mergers 4.6% (n.a.) 1.7% (n.a.) n.a.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.