Organisation : Université / Administration centrale et Rectorat
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Takeover Duration and Negotiation Process
En savoir plusAbstractWe study the determinants of takeover duration. We focus onbidder-initiated, one-to-one negotiations. As time goes on, bothparties learn about true deal synergies due to the negotiationprocess. At any moment, rival bidders can show up and competefor the target. Using a discrete time finite horizon dynamicprogramming approach, we study the equilibrium relationsbetween the negotiation duration, the…