We rationalize why leverage in buyouts differs from corporate leverage at large by merging two strands of buyout theory that focus on problems of public...
The E.U. Takeover Directive was passed twenty years ago with the main aim of fostering a single European takeover market. However, subsequent economic,...
This paper, which was prepared for a University of Illinois College of Law symposium
honoring Prof. Larry Ribstein, examines the origins of the market...
We provide the first systematic evidence of contractual innovation in the terms of poison pill plans. In response to the increase in hedge fund activism,...
The role of private ordering in takeover regulation is one of the most relevant and interesting issues regarding the optimal regime for acquisitions of...
We study how transparency affects takeover probability and stock returns. If transparency helps acquiring firms to determine target value or synergy,...