Grimpe, Christoph; Hussinger, Kathrin - Zentrum für Europäische Wirtschaftsforschung <Mannheim>
Over the last few years, worldwide mergers and acquisitions (M&A) have increasedsharply both in terms of value and … characteristics and assets X
(Gompers & Lerner, 2000). The deal value of the target V is a function of those
characteristics X. In … the presence of efficient markets and full information V(X) equals
13
the price at which the target firm’s assets are …