, to our knowledge, the first continuous time corporate finance model in a multiple firm setting with heterogeneous …. The paper uses the estimated parameters to predict rivals' returns near merger announcements …

analysis of takeover rumors of publically traded US companies from 1990 to 2008 shows that these two types of rumors can be … statistically distinguished by returns of rumored takeover targets before rumor publication. However, market responses to the rumors …, takeover premiums of sampled targets cannot be explained by markup pricing hypothesis although the hypothesis is supported by …

contained in shorting activity around merger announcements. Results in this study do not show evidence of abnormal short selling … short sellers are neither privately informed nor superior in their ability to process information around merger …

independent directors, share ownership of the top five managers, and independent block holders on bank merger purchase premiums in … shareholders' merger prices. Their overall findings would support policies that promote independent outside directors on the board …

The present article discusses remedies for coordinated effects under the EU Merger Regulation. To this end, it is …