Agrawal, Anup; Jaffe, Jeffrey F; Mandelker, Gershon N - In: Journal of Finance 47 (1992) 4, pp. 1605-21
The existing literature on the post-merger performance of acquiring firms is divided. The authors reexamine this issue, using a nearly exhaustive sample of mergers between NYSE acquirers and NYSE/AMEX targets. The authors find that stockholders of acquiring firms suffer a statistically...
