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 …

This study explores the investment behavior of underperforming chief executive officers (CEOs) on merger frequency and … the effect on acquirers’ shareholder wealth of merger bids in U.S. industrial firms. We find that underperforming CEOs are … more likely to make acquisitions, especially underperforming CEOs with high equity incentives. For acquirer shareholder …

perform more poorly with a merger bid. Further, we find that rankings of underperforming CEOs who engage in acquisitions are …This study explores the behavior of underperforming chief executive officers (CEOs) on merger frequency and the effect … on acquirers’ shareholder wealth of merger bids in U.S. industrial firms from 1994 to 2018. We find that underperforming …

I analyze the allocation of the power to decide on hostile takeovers between directors and shareholders. My … contribution is to show who actually has power in a takeover and what factors are at work to give such power. Although directors … are traditionally considered to be in charge in deciding the outcome of a hostile takeover of a Delaware corporation …