Financial versus strategic bidders: Evidence from unsuccessful takeover bids - Audencia
Journal Articles Economics Letters Year : 2017

Financial versus strategic bidders: Evidence from unsuccessful takeover bids

Magnus Blomkvist
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Audencia Business School
Timo Korkeamäki
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Hanken School of Economics

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

Domains

Economics and Finance
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https://audencia.hal.science/hal-01578935

Submitted on : Wednesday, August 30, 2017-10:09:07 AM

Last modification on : Friday, March 22, 2024-11:32:03 AM

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Dates and versions

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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