This case addresses securities that allow the holders to acquire stock directly from the issuing corporation either by purchase (warrants) or by exchanging convertible debt of the corporation for its stock. One can deem warrants and convertible debt as two different types of the same category of...

Die Arbeit bietet einen praxisorientierten Leitfaden zur Beurteilung von Optionen in der Fusionskontrolle nach deutschem und europäischem Recht. Sie untersucht umfassend, ob und wann Optionen als Kontrollinstrument genutzt werden können und wie sie Marktstrukturen durch faktische...

Covered warrants are securities that confer on their holder a right (and not an obligation) over a certain financial asset (underlying asset).Warrants may confer the following rights (i) to buy the underlying asset; (ii) to subscribe to the underlying asset; (iii) to sell the underlying asset;...

We derive the effect of plausible deniability on asset risk premia in a dynamic setting with correlated firm values, systematic risk, and risk-averse investors. Firms optimally exercise American disclosure options, which are more valuable due to the possibility that other correlated firms may...