M&A

Working Paper

08 December 2016

Will I Get Paid? Employee Stock Options and Mergers and Acquisitions

We analyze how employee compensation contracts of target firms affect merger terms and outcomes. Using unique data from merger agreements, we document that in 80.0% of all M\&A deals at least some of the target's ESOs are canceled by...

Ilona Babenko | Fangfang Du | Yuri Tserlukevich
01 March 2016

Creditor Rights, Claims Enforcement, and Bond Returns in Mergers and Acquisitions

By means of an international sample of cross-border mergers and acquisitions (M&As) involving firms with outstanding Eurobonds from the US, Europe, and other countries around the world, we show that bond performance around...

Luc Renneboog | Peter Szilagyi | Cara Vansteenkiste
01 September 2014

Zealous Advocates or Self-interested Actors? Assessing the Value of Plaintiffs? Law Firms in Merger Litigation

Using a hand-collected sample of 1,739 class actions that challenge the fairness of M&A transactions from the period 2003 through 2012, we examine the effectiveness of plaintiffs? law firms. We divide plaintiff law firms into...

C.N.V. Krishnan | Steven Davidoff Solomon | Randall Thomas

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