On the optimality of partial tender offers

Elif Dalkır and Mehmet Dalkır

Journal of Economic Theory, 2014, vol. 151, issue C, 561-570

Abstract: This paper analyzes the optimality of partial tender offers in acquisition of firms. We show that partial offers have no impact on the acquirer's expected profit under complete information.

Keywords: Partial tender offers (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:151:y:2014:i:c:p:561-570

DOI: 10.1016/j.jet.2013.12.010

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