Didier, Hounwanou Dégnidé - In: Recherches économiques de Louvain 79 (2013) 3, pp. 91-123
This paper examines the optimal bidding strategy in takeover contests for a target firm, and the positive correlation between the bidders? valuation. We consider risk neutral bidders who compete for the control of a target firm in which they get initial shareholdings. The bidder?s valuation for...