We examine the information role of financial advisors by focusing on mergers and acquisitions in which acquiring firms … hire target firms' ex-advisors. We document that by employing targets' ex-advisors, acquirers pay lower takeover premiums … and secure a larger proportion of merger synergies. The corresponding targets exhibit lower announcement returns and are …

This study examines foreign investors' trading behaviors around merger and acquisition (M&A) announcements in the …

We find strong evidence that analysts tend to have downward-biased earnings estimates immediately before merger … announcement dates when earning announcement date is within a 60 day window prior to merger announcement date. Compared to pure … hypothesis, suggesting analyst's earnings forecast right before merger announcements may be influenced by merger means of payment …

This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions (M …

In most cases market returns around merger announcements are difficult to interpret as the announcement of a bid … merger proposals, we investigate termination returns in deals canceled for exogenous reasons unrelated to the bidder …

We document market anticipation of merger bids and that less anticipated bids earn significantly higher announcement …

In March of 2000 the New York Stock Exchange proposed a merger with The Nasdaq Stock Market. Applying a qualitative … assessment to the proposed merger from the organizations' perspective it is argued that the merger would be favorable for both … organizations. Applying a quantitative assessment to the proposed merger from an antitrust perspective it is shown that the merger …