The Impact of the Structure of Debt on Target Gains
- Topics:
- Commercial Lending,
- Equity
- Source:
- University of Arkansas
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Overview: The primary purpose of this paper is to offer empirical evidence on the impact of the structure of target debt on target shareholders, although the paper also reexamines prior work on the impact of the level of leverage. The paper elaborates on how different sources of debt impact target shareholders. The paper also examines bond price changes around takeover announcements.
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Format: PDF | Size: 346KB | Date: Feb 2005 | Pages: 59
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