On the optimality of partial tender offers

• 成果类型: Article
• 署名作者: Dalkir, Elif; Dalkir, Mehmet
• 署名单位: University of New Brunswick
• 刊物名称: JOURNAL OF ECONOMIC THEORY
• ISSN/ISSBN: 0022-0531
• DOI: 10.1016/j.jet.2013.12.010
• 发表日期: 2014
• 页码: 561-570
• 关键词: Partial tender offers

摘要

This paper analyzes the optimality of partial tender offers in acquisition of firms. We show that partial offers have no impact on the acquirer's expected profit under complete information. (C) 2013 Elsevier Inc. All rights reserved.