Mulherin, J.; Womack, Kiplan - In: The Journal of Real Estate Finance and Economics 50 (2015) 2, pp. 151-180
The lack of hostile takeovers and relatively modest wealth gains associated with REIT mergers motivate two fundamental yet previously unexplored questions: how competitive are REIT takeovers, and how exactly does a REIT sell itself to another firm? This paper examines these questions using...