Browsing College of Business and Law by Subject "Tender offers (Securities)"

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Merger arbitrage and the interaction between target and bidder stocks during takeover bids

Hutson, Elaine ; Kearney, Colm (Elsevier, 2005)

We use bivariate ARCH specifications to model the conditional mean and stock price volatility for 56 takeover bids from January 1985 and July 1994. Using daily data from one year prior to the takeover announcement until ...
Price volatility in stocks subject to tender offers

Hutson, Elaine (Palgrave Macmillan, 2007)
Takeover bids, share prices, and the expected value hypothesis

Hutson, Elaine ; Partington, Graham (University of Technology Sydney, School of Finance and Economics, 1994-04)

This paper examines the relationship between the price bid for a takeover target, the probability of the bid succeeding and the target's price over the course of the bid. We test and reject Samuelson and Rosenthal's (1986) ...
Takeover targets and the probability of bid success : evidence from the Australian market

Hutson, Elaine (Elsevier, 2000)

The excess returns earned by takeover targets raises questions of efficiency in the market for corporate control. Brown and Raymond and Samuelson and Rosenthal explain the target share pricing process as a function of ...