The paper examines cross-border takeovers through the lens of currency risk management. Using a sample of 152 large cross-border deals undertaken by listed French firms, the study document that, acquirers are firms with higher exposure to target currency prior to the takeover announcement. The...

The paper examines cross-border takeovers using the lens of currency risk management. With a sample of 152 large, cross-border deals undertaken by listed French firms, the findings reveal that acquirers tend to be firms with greater exposure to the target currency prior to the takeover...