Hostile Takeover Bids: Defensive Strategies

Share Tendering Strategies and the Success of Hostile Takeover Bids

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Hedge Fund Activism vs. Hostile Takeover Bids⇤

We compare hedge fund activism and hostile tender offers in a unified framework where any investor who acquires an equity stake to improve firm value faces a dual free-rider problem: Neither do dispersed shareholders sell their shares unless the price fully reflects the anticipated value improvement nor do those who retain their shares participate in the costs. We show that activism and tender ...

Hostile Takeover Bids In Japan? Understanding Convergence Using The Layered Approach

Hostile takeover bids arrived in Japan in 2005 and U.S. legal scholars announced that their arrival offered strong evidence in support of corporate governance convergence to the U.S. shareholder-oriented model. Now, four years later, there has still not been a successful hostile takeover bid and the practice has seemingly fallen out of favor. The Japanese experience with hostile takeover bids s...

Stock Price Manipulation Through Takeover Bids

Psychophysiological Cardiovascular Functioning in Hostile Defensive Women