Chen, K. C.; Funahashi, Hideharu; Warmerdam, Nicole - In: Growing presence of real options in global financial markets, (pp. 1-17). 2017
-television company, for $49 billion in cash and stock. However, the merger’s conditions and terms are complicated as the stock exchange … prior to the date when the merger becomes effective. Using a contingent claims pricing approach, we model DirecTV …’s theoretical value based on the merger’s conditions and terms. It is shown that the theoretical DirecTV stock value is analogous to …