-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty … - engender a positive response in acquirers' volatility. Our results suggest that acquisitions affect uncertainty because they …This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by …

after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

The brewing industry has recently experienced increased merger activity. This paper analyzes the shortterm wealth … effects of horizontal mergers and acquisitions on acquirers in the brewing industry. Based on a sample of 69 takeover …

after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …