Sökning: "toehold"

Visar resultat 1 - 5 av 9 uppsatser innehållade ordet toehold.

  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. 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

  4. 3. 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

  5. 4. 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

  7. 5. Risk Arbitrage: A study of predictive variables in Nordic corporate takeovers

    Kandidat-uppsats, Lunds universitet/Nationalekonomiska institutionen

    Författare :Oskar Eriksson; Simon Skålberg; [2017]
    Nyckelord :Risk Arbitrage; Merger Arbitrage; Nordic Markets; Takeover Success Prediction; Mergers and Acquisitions; Business and Economics;

    Sammanfattning : The most critical element of doing risk arbitrage is the assessment of the out- come of a corporate takeover. Prediction models have been created in the past and successfully proven some variables in mergers and acquisitions to have a significant impact on the takeover outcome. However, these prediction models have mostly been created with U.S. LÄS MER