Acquisitions Driven by Stock Overvaluation: Are They Good Deals?

Stock overvaluation might drive a firm to use its stock to acquire another firm whose stock is not overpriced to the same extent. Though hypothetically desirable, these acquisitions end up bringing little benefit, if any, to acquirer shareholders. Two factors, acquirers paying a large premium to the...

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Bibliographic Details
Main Authors: FU, Fangjian, LIN, Leming, OFFICER, Micah
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2008
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3041
https://www.business.uconn.edu/finance/seminars/papers/Stock_Overvaluation.pdf
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Institution: Singapore Management University
Language: English