The merger of NDLC-IFIC Bank (NIB) and the Pakistan Industrial Credit and Investment Corporation (PICIC) made NIB the 7 … the single biggest investor in NIB and this group has an investment portfolio of approximately $100 bn. The legal merger … of NIB, PICIC and PCBL happened on December 31, 2007. During the merger, NIB followed in letter and spirit all the …

Using hand-collected data, we examine the targeting of shareholder class action lawsuits in merger & acquisition (M …&A) transactions, and the associations of these lawsuits with offer completion rates and takeover premia. We find that M&A offers … takeover premia in completed deals, after controlling for the same factors. Economically, the expected rise in takeover premia …

controlling for deal characteristics. However, longer-term post-merger bidder abnormal returns are lower for government …

corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated … takeover threats increase conservatism through changes in capital structure and investment decisions as well as improvements in …

corporate takeover threat, this paper examines how a disciplinary market for corporate control affects accounting conservatism … shareholder protection and in those experiencing larger growth in takeover activity. Further analysis reveals that elevated … takeover threats increase conservatism through changes in capital structure and investment decisions as well as improvements in …

This paper examines whether post-merger board composition affects the premiums paid to target shareholders. Using a … sample of 207 stock-for-stock mergers from 1996 to 2004, we show that target merger premiums vary inversely with target … director representation on the post-merger board. We also provide some evidence that both inside and outside target directors …

target firm's listing status. The empirical evidence documented in this study suggests that management teams engage in pre-merger … compensate for the higher information asymmetry. This earnings management procedure leads to higher takeover premia even after …

Defensive measures introduced by company directors to resist takeover bids seek to defeat the market for corporate … control by making the company in effect takeover-proof. Measures such as strategic share issues to friendly parties, amendment … perspective the major 1986/87 American litigation involving the ultimately successful takeover of CTS Corporation by Dynamics …