This study investigates the motivations for and the wealth effects of 150 fixed price and 110 Dutch auction self-tender offers from the period 1981 to 1994. Like earlier studies, I find significantly positive abnormal returns around the announcements of the self-tender offers. However, unlike...

We examine the time trends and determinants of the method of payment in M&As spanning four decades. The fraction of mixed payments tripled from about 10% before the turn of the century to 30% in the new century, while the fraction of stock (cash) payments peaked (bottomed out) in the late 1990s...