Publication Date

1-1-2009

Document Type

Dissertation/Thesis

First Advisor

Miller, Robert E. (Professor of finance)

Degree Name

B.S. (Bachelor of Science)

Legacy Department

Department of Finance

Abstract

This paper analyzes various three day returns for companies involved in the announcement of a merger or acquisition between January 2007 and December 2008. The study finds that bidders generally have zero or slightly negative returns, while targets have positive returns. Additionally, the study looks at returns based on whether the deal was completed within six months, whether cash or stock was used, and whether the deal involved a competing bid. Similar to full sample results, we find that bidders have zero or slightly negative returns and targets have positive returns.

Extent

29 unnumbered pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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