Book(print)#161987
Australian takeovers: The evidence ; 1972-1985
In: CIS Policy Monographs, 12
This book examines what happens to shareholders of both bidding and target companies in takeovers. Its results show that when a takeover bid is made, the stock prices of all firms involved tend to get up, when stock prices go up, shareholders gain wealth, which increases the wealth in the overall economy. Therefore takeovers in the Australian economy are to be regarded as highly positive. (DÜI-Sbt)