TY - JOUR
T1 - Wealth effects to bidding companies from regulatory interventions in the UK
AU - Jones, E.
AU - Crook, J.
PY - 2009
Y1 - 2009
N2 - Using a sample of 186 referrals between 1965 and 2006, we analyse the abnormal returns experienced by UK bidding companies when a decision is made by UK regulators to refer a merger or acquisition for inquiry and when the decision is published by the regulator. We find evidence of disagreement between the regulator and stock valuations as to the expected outcome of the merger or acquisition.
AB - Using a sample of 186 referrals between 1965 and 2006, we analyse the abnormal returns experienced by UK bidding companies when a decision is made by UK regulators to refer a merger or acquisition for inquiry and when the decision is published by the regulator. We find evidence of disagreement between the regulator and stock valuations as to the expected outcome of the merger or acquisition.
UR - http://www.scopus.com/inward/record.url?scp=67650290586&partnerID=8YFLogxK
U2 - 10.1080/09603100802314484
DO - 10.1080/09603100802314484
M3 - Article
SN - 1466-4305
VL - 19
SP - 625
EP - 634
JO - Applied Financial Economics
JF - Applied Financial Economics
IS - 8
ER -