Abstract
Analyzes the motivating factors behind bid premiums and presents a bid premium model that uses debt, working capital, type of combination, valuation-related variables and bargaining-strength variables. Model's high explanatory power for a wide cross-section of firms; Predictive power of the model that is superior to that of naive bidding approaches.
Cite
CITATION STYLE
APA
Walkling, R. A., & Edmister, R. O. (1985). Determinants of Tender Offer Premiums. Financial Analysts Journal, 41(1), 27–37. https://doi.org/10.2469/faj.v41.n1.27
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