Takeover Likelihood Models for UK Quoted Companies

R. Nuttal

Economics Papers from Economics Group, Nuffield College, University of Oxford

Abstract: This paper estimates takeover likelihood models for UK quoted companies. For a sample of 643 UK nonfinancial quoted companies over the period 1989-96, we find that the probability of being a takeover target is increasing in leverage and incidence of takeover speculation and decreasing in pre-bid performance, size and age since listing.

Keywords: MARKET STRUCTURE; MERGERS; TAKEOVERS (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Pages: 51 pages
Date: 1999
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:nuf:econwp:1999-w6

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