Essays about: "toehold bidding"

Found 2 essays containing the words toehold bidding.

1. 1. Toehold acquisitions, bidder’s acquisition performance,and the cross-border effect

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Wouter Wilmink; [2017]
   Keywords : toehold bidding; international acquisitions; acquisition performance; cross-border effect; common- and civil-law countries;

   Abstract : This study examines the effect of using toeholds in domestic and cross-border acquisitionprocesses on the bidder’s acquisition performance. The sample constitutes 1,701 acquisitionsof European listed firms over the period 2003-2016. Results reveal significant evidence of anadverse effect of toeholds on the bidder’s acquisition performance. READ MORE

3. 2. Toeholds, bid premiums and bid success in public takeovers, Sweden 1997-2012

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Olle Davidsson; Fredrik Oddbjörn; [2013]
   Keywords : Takeover; Toehold; Bid Premium; Bid Success; Sweden; Business and Economics;

   Abstract : This thesis focuses on public takeovers and aim to disclose the revealing effects on a bid contest caused by a bidder’s initial ownership in the target company, the so-called toehold. We analyse the toehold’s impact on contest characteristics and focus on its ability to determine (i) the bid premium required to acquire the target and (ii) the expected probability of a successful outcome in the bid contest. READ MORE