What drives the choice between mergers and tender offers in Europe?

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorKeloharju, Matti
dc.contributor.authorAho, Eero
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2024-05-19T16:04:04Z
dc.date.available2024-05-19T16:04:04Z
dc.date.issued2024
dc.description.abstractAre tender offers faster and more expensive than mergers? This paper explores the factors influencing the choice of mergers and acquisitions (M&As) strategies in EU-15 countries, focusing on deal completion times and shareholder premiums. Results show quicker completion and higher premiums in tender offers than in mergers. Initial findings indicate that European M&As involve similar trade-offs between premiums and completion times reported in previous studies conducted in the U.S., although the determinants differ in European context.en
dc.format.extent25 + 3
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/127810
dc.identifier.urnURN:NBN:fi:aalto-202405193418
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordmergersen
dc.subject.keywordacquisitionsen
dc.subject.keywordtender offersen
dc.subject.keyworddeal completionen
dc.subject.keyworddeal premiumen
dc.titleWhat drives the choice between mergers and tender offers in Europe?en
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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