How much is too much: Are merger premiums too high?
(2007)
Journal Article
Antoniou, A., Arbour, P., & Zhao, H. (2008). How much is too much: Are merger premiums too high?. European Financial Management, 14(2), 268-287. https://doi.org/10.1111/j.1468-036x.2007.00404.x
Is it too much to pay target firm shareholders a 50% premium on top of market price? Or is it too much to pay a 100% premium when pursuing mergers and acquisitions? How much is too much? In this paper, we examine how the extent of merger premiums pai... Read More about How much is too much: Are merger premiums too high?.