Sökning: "Toeholds"

Hittade 3 uppsatser innehållade ordet Toeholds.

  1. 1. Minority Discount in Publicly Traded Firms

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Martin Goldman; Paul Nissan; [2018]
    Nyckelord :Minority discounts; Control premiums; Tender offers; Toeholds; Takeovers; Minority interests; Lack of control;

    Sammanfattning : This paper examines the minority discount due to lack of control by looking at tender offer premiums on Swedish publicly traded firms from 2007 to 2018. We analyze how ownership structure, the acquired stake and distribution of shares affect the minority discount. LÄS MER

  3. 2. Toehold acquisitions, bidder’s acquisition performance,and the cross-border effect

    Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

    Författare :Wouter Wilmink; [2017]
    Nyckelord :toehold bidding; international acquisitions; acquisition performance; cross-border effect; common- and civil-law countries;

    Sammanfattning : This study examines the effect of using toeholds in domestic and cross-border acquisitionprocesses on the bidder’s acquisition performance. The sample constitutes 1,701 acquisitionsof European listed firms over the period 2003-2016. Results reveal significant evidence of anadverse effect of toeholds on the bidder’s acquisition performance. LÄS MER

  4. 3. Toeholds, bid premiums and bid success in public takeovers, Sweden 1997-2012

    Magister-uppsats, Lunds universitet/Företagsekonomiska institutionen

    Författare :Olle Davidsson; Fredrik Oddbjörn; [2013]
    Nyckelord :Takeover; Toehold; Bid Premium; Bid Success; Sweden; Business and Economics;

    Sammanfattning : This thesis focuses on public takeovers and aim to disclose the revealing effects on a bid contest caused by a bidder’s initial ownership in the target company, the so-called toehold. We analyse the toehold’s impact on contest characteristics and focus on its ability to determine (i) the bid premium required to acquire the target and (ii) the expected probability of a successful outcome in the bid contest. LÄS MER