DIFFERENTIATED BIDS FOR VOTING AND RESTRICTED VOTING SHARES IN PUBLIC TENDER OFFERS

被引：15

作者：

BERGSTROM, C

RYDQVIST, K

机构：

[1] Stockholm School of Economics, 113 83 Stockholm

来源：

JOURNAL OF BANKING & FINANCE | 1992年 / 16卷 / 01期

关键词：

D O I：

10.1016/0378-4266(92)90080-J

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper develops a model for takeover bid premiums of voting and restricted voting shares when the bidder wants 100% of the target firm. For this special case, a higher bid premium may be offered either to the voting or to the restricted voting shareholders. We also analyze consequences of the equal offer and one share/one vote principles and investigate the model's explanatory power on Swedish data.

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页码：97 / 114

页数：18

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