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Journal Articles Economics Letters Year : 2017

Financial versus strategic bidders: Evidence from unsuccessful takeover bids

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Magnus Blomkvist
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  • PersonId : 1015183
Timo Korkeamäki
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  • PersonId : 1015184

Abstract

Even failed takeovers can identify undervalued target firms. We find that compared to financial bidders, strategic buyers have a greater lasting valuation effect on the targets. Strategic bidders thus appear to be superior in identifying undervalued targets. JEL Classification: G30, G32, G34
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hal-01578935 , version 1 (30-08-2017)

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Magnus Blomkvist, Timo Korkeamäki. Financial versus strategic bidders: Evidence from unsuccessful takeover bids. Economics Letters, 2017, 159, pp.142-144. ⟨10.1016/j.econlet.2017.07.034⟩. ⟨hal-01578935⟩

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