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Takeover rumors' impact : evidence from the U.S. banking industry

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dc.contributor.advisor Torabzadeh, Khalil
dc.contributor.author Feng, Hao
dc.contributor.author University of Lethbridge. Faculty of Management
dc.date.accessioned 2008-02-28T20:44:35Z
dc.date.available 2008-02-28T20:44:35Z
dc.date.issued 2004
dc.identifier.uri http://hdl.handle.net/10133/594
dc.description vii, 52 leaves ; 29 cm. en
dc.description.abstract This study is to determine whether there is an association between takeover rumors and the prices paid by the acquiring banks for the target banks subject to prior takeover rumors in successful acquisitions. A sample of 512 U.S. bank mergers from 1991 to 2003 is examined. The results show takeover rumors have a significant positive impact on moving up the target banks’ stock price and other factors, such as total asset of the target bank, bank type and method of payment, can also induce the acquiring banks to pay more for such rumored target banks compared to those targets with no prior takeover speculations. en
dc.language.iso en_US en
dc.publisher Lethbridge, Alta. : University of Lethbridge, Faculty of Management, 2004 en
dc.relation.ispartofseries Project (University of Lethbridge. Faculty of Management) en
dc.subject Bank mergers -- United States -- Economic aspects en
dc.subject Banks and banking -- United States en
dc.subject Rumor -- Economic aspect -- United States en
dc.title Takeover rumors' impact : evidence from the U.S. banking industry en
dc.type Thesis en
dc.publisher.faculty Management en

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