Motivations for Material Adverse Change Clauses in Merger Agreements is popular PDF and ePub book, written by Antonio J. Macias in 2016, it is a fantastic choice for those who relish reading online the Uncategoriezed genre. Let's immerse ourselves in this engaging Uncategoriezed book by exploring the summary and details provided below. Remember, Motivations for Material Adverse Change Clauses in Merger Agreements can be Read Online from any device for your convenience.
Motivations for Material Adverse Change Clauses in Merger Agreements Book PDF Summary
Material Adverse Change (MAC) clauses play key roles in essentially all merger negotiations. Fewer exclusions in MAC clauses imply broader abandonment options for acquirers. We study the motivations for different scopes of acquirers' abandonment options. In our comprehensive hand-collected sample, broader firm-specific abandonment options are associated with higher target announcement returns and higher combined acquirer and target announcement gains, lower probabilities of MAC occurrences, and lower conditional completion rates when MACs occur. They are also more prevalent in higher-quality firms with larger information asymmetries. Overall, the results indicate that targets credibly signal their higher values or greater synergies with broader abandonment options for acquirers.
Detail Book of Motivations for Material Adverse Change Clauses in Merger Agreements PDF
- Author : Antonio J. Macias
- Release : 20 September 2024
- Publisher : Unknown
- ISBN : OCLC:1306009531
- Genre : Uncategoriezed
- Total Page : 51 pages
- Language : English
- PDF File Size : 15,5 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Motivations for Material Adverse Change Clauses in Merger Agreements by Antonio J. Macias, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.