Takeover rumors' impact : evidence from the U.S. banking industry

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dc.contributor.authorFeng, Hao
dc.contributor.authorUniversity of Lethbridge. Faculty of Management
dc.contributor.supervisorTorabzadeh, Khalil
dc.date.accessioned2008-02-28T20:44:35Z
dc.date.available2008-02-28T20:44:35Z
dc.date.issued2004
dc.descriptionvii, 52 leaves ; 29 cm.en
dc.description.abstractThis study is to determine whether there is an association between takeover rumors and the prices paid by the acquiring banks for the target banks subject to prior takeover rumors in successful acquisitions. A sample of 512 U.S. bank mergers from 1991 to 2003 is examined. The results show takeover rumors have a significant positive impact on moving up the target banks’ stock price and other factors, such as total asset of the target bank, bank type and method of payment, can also induce the acquiring banks to pay more for such rumored target banks compared to those targets with no prior takeover speculations.en
dc.identifier.urihttps://hdl.handle.net/10133/594
dc.language.isoen_USen
dc.publisherLethbridge, Alta. : University of Lethbridge, Faculty of Management, 2004en
dc.publisher.facultyManagementen
dc.relation.ispartofseriesProject (University of Lethbridge. Faculty of Management)en
dc.subjectBank mergers -- United States -- Economic aspectsen
dc.subjectBanks and banking -- United Statesen
dc.subjectRumor -- Economic aspect -- United Statesen
dc.titleTakeover rumors' impact : evidence from the U.S. banking industryen
dc.typeThesisen
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