Sökning: "Cash Bid"

Visar resultat 1 - 5 av 18 uppsatser innehållade orden Cash Bid.

  1. 1. Success Determinants of Nordic Tender Offers

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Andrei Shakolin; Oleksandr Mliievskyi; [2023]
    Nyckelord :Tender Offer; Takeover; M A; Bid Premium; Nordic;

    Sammanfattning : The study of 180 tender offers occurred between 2009 and 2023 tests how a set of specific factors affects the probability of the successful completion of the tender offer and compares the results with the industry views on the topic. The study shows that the probability of success of the tender offer is increased with bid premium size and irrevocable commitments, while factors like due diligence condition and entering the process as an interloper negatively affect the probability of success of the bid. LÄS MER

  3. 2. Stock or Cash? Explaining the Payment Method Choice of M&As and the Effect on Performance on the European Developed Markets

    Master-uppsats, Göteborgs universitet/Graduate School

    Författare :gustav kollberg; john skantze; [2022-06-29]
    Nyckelord :Payment Method; Stock Bid; Cash Bid; Determinants of the Payment Method; Cumulative Abnormal Return; Opportunistic Behaviour; Rational Payment Design; M A; Information Asymmetry; Adverse Selection;

    Sammanfattning : We investigate what factors determine the choice of the payment method when choosing between payment of stocks or cash during an acquisition or merger. Furthermore, we examine how that choice of payment method affects the bidder’s performance in the short term by examining the changes in the cumulative abnormal return. LÄS MER

  4. 3. Stub equity vid offentliga uppköpserbjudanden : Förfarandets förenlighet med Takeover-reglerna, i synnerhet den aktiemarknadsrättsliga likabehandlingsprincipen

    Uppsats för yrkesexamina på avancerad nivå, Uppsala universitet/Juridiska institutionen

    Författare :Mattias Lorentzon; [2022]
    Nyckelord :stub equity; public takeover bids; principle of equal treatment of shareholders; stub equity; likabehandlingsprincipen; offentliga uppköpserbjudanden; Takeover-reglerna;

    Sammanfattning : Offentliga uppköpserbjudanden på den svenska aktiemarknaden sker främst med kontantvederlag, ofta förenat med aktievederlag. Som alternativ till sådant vederlag kan budgivaren erbjuda målbolagets aktieägare ”stub equity” med vilket avses det fall budgivaren erbjuder målbolagets aktieägare en begränsad mängd aktier i ett särskilt onoterat holding- eller budbolag, vilket i sin tur efter det offentliga uppköpserbjudandet innehar samtliga aktier i målbolaget. LÄS MER

  5. 4. Hidden Values or Synergy Effects? What the Market Does Not See

    Kandidat-uppsats,

    Författare :Lukas Josefsson; Pontus Klarson; [2021-06-30]
    Nyckelord :Public buyout; bid premium; toehold purchase; acquisition; synergies;

    Sammanfattning : The subject of bid premiums for public buyouts has been researched repeatedly as the premium itself can be hard to fully derive and could greatly affect both the acquirer and other investors involved. This thesis examines whether certain predetermined factors in fact, can be seen to influence the bid premium, looking at the Swedish market during 2005-2020. LÄS MER

  7. 5. Reference Point Prices in Mergers and Acquisitions and the Influence of Information Asymmetry: Evidence From the UK

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Axel Olofsson Lauri; [2020]
    Nyckelord :Anchoring; Reference points; Information asymmetry; Mergers and acquisitions; 52-week high;

    Sammanfattning : This thesis examines the role of past peaks in target share prices as reference points in mergers and acquisitions in the UK, with a focus on target 52-week high share prices. The results indicate that there is a positive, non-linear relationship between past peak share prices and offer prices. LÄS MER