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The Pre‐Bid Share Price Performance of Target Companies Involved in the Successful and Unsuccessful Defence of a Hostile Takeover Bid: A Pilot Study

Chris Parkinson (Lecturer in Accounting & Finance at the University of Bradford Management Centre.)
Matthew Ian Shaw (Senior Manager, Asset‐Trading Moscow and Nardony Bank Limited.)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 June 1991

Abstract

The content of this paper is adapted from two studies of contested takeover bids. These studies, and this paper, are attempts to add to the limited research conducted in the UK into the share price performance of companies involved in mergers and acquisitions. Research directed specifically at defended takeover bids is even more limited and only one piece of research (Holl and Taffler, 1988) to date has addressed this particular topic in the UK.

Citation

Parkinson, C. and Ian Shaw, M. (1991), "The Pre‐Bid Share Price Performance of Target Companies Involved in the Successful and Unsuccessful Defence of a Hostile Takeover Bid: A Pilot Study", Managerial Finance, Vol. 17 No. 6, pp. 1-9. https://doi.org/10.1108/eb013685

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited