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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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| 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 |