Corporate Takeovers and Professional Investors

1983 ◽  
Vol 39 (1) ◽  
pp. 75-80 ◽  
Author(s):  
Walter S. Morris
Keyword(s):  
Author(s):  
Marcel Canoy ◽  
Yohanes E. Riyanto ◽  
Patrick Van Cayseele
Keyword(s):  

2008 ◽  
Vol 30 (3) ◽  
pp. 293-314
Author(s):  
Dirk Brounen ◽  
Mathijs van Dijk ◽  
Piet Eichholtz

Author(s):  
Thomas G. E. Williams ◽  
Christopher J. Marquette

<p class="MsoBodyText3" style="text-align: justify; margin: 0in 0.5in 0pt;"><span style="font-style: normal; font-size: 10pt; mso-bidi-font-style: italic;"><span style="font-family: Times New Roman;">Quite often, the market value of a firm in parts exceeds its value as a single entity.<span style="mso-spacerun: yes;">&nbsp; </span>The maximum value can be attained in such instances, by splitting the firm up.<span style="mso-spacerun: yes;">&nbsp; </span>We observe several instances where a firm&rsquo;s management breaks up the firm to achieve maximum value.<span style="mso-spacerun: yes;">&nbsp; </span>In other cases, firms require a change in management to initiate divestiture. Lastly, takeover by outsiders is sometimes required to split the firm up and sell it in parts to achieve full value.<span style="mso-spacerun: yes;">&nbsp; </span>This study provides an economic analysis of the payoffs to all parties involved in a corporate breakup.<span style="mso-spacerun: yes;">&nbsp; </span>Models of the costs and benefits to shareholders and management teams are developed for each of the three situations listed above to explain why the different circumstances occur in different cases.</span></span></p>


1988 ◽  
Vol 23 (4) ◽  
pp. 453-463 ◽  
Author(s):  
Atul Gupta ◽  
Lalatendu Misra

2011 ◽  
pp. 517-533
Author(s):  
Mike Stegemoller
Keyword(s):  

Company Law ◽  
2015 ◽  
pp. 716-770
Author(s):  
Brenda Hannigan
Keyword(s):  

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