The Performance of Reverse Leveraged Buyouts

• Main Authors: CAO, Jerry, Lerner, Josh
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Initial public offerings; Private equity; Exiting; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1075; https://ink.library.smu.edu.sg/context/lkcsb_research/article/2074/viewcontent/performance_of_reverse_leveraged_buyouts_sv.pdf
• Institution: Singapore Management University

Reverse leveraged buyouts (RLBOs) have received increased public scrutiny but attracted little systematic study. We collect a comprehensive sample of 526 RLBOs between 1981 and 2003 and examine the three-year and five-year stock performance of these offerings. RLBOs appear to perform as well as or b...