IDEAS home Printed from https://ideas.repec.org/a/ucp/jnlbus/v67y1994i2p263-80.html
   My bibliography  Save this article

Why One Firm Is the Target and the Other the Bidder in Single-Bidder, Synergistic Takeovers

Author

Listed:
  • Harris, Ellie G

Abstract

Since target firms obtain more of the synergy gains than bidder firms, the question arises of why, in single-bidder, synergistic takeovers, either firm is willing to be the bidder. The author argues that the takeover-related costs and benefits to the managers of the two firms determine which firm will be the target and which the bidder. A manager's fear that the firm with which his firm can create synergy gains will take over his firm and force him out of his job if his firm does not take it over makes him want his firm to be the bidder. Copyright 1994 by University of Chicago Press.

Suggested Citation

  • Harris, Ellie G, 1994. "Why One Firm Is the Target and the Other the Bidder in Single-Bidder, Synergistic Takeovers," The Journal of Business, University of Chicago Press, vol. 67(2), pages 263-280, April.
    • Handle: RePEc:ucp:jnlbus:v:67:y:1994:i:2:p:263-80
    DOI: 10.1086/296632
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1086/296632
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    File URL: https://libkey.io/10.1086/296632?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jacek Prokop, 2009. "Monopolisation of triopoly – revisited," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 1(2), pages 113-125.
    2. Brook, Yaron & Hendershott, Robert J. & Lee, Darrell, 2000. "Corporate governance and recent consolidation in the banking industry," Journal of Corporate Finance, Elsevier, vol. 6(2), pages 141-164, July.
    3. N. Kohers & T. Kohers, 2004. "Information sensitivity of high tech industries: evidence from merger announcements," Applied Financial Economics, Taylor & Francis Journals, vol. 14(7), pages 525-536.
    4. Prokop, Jacek, 2005. "Monopolization through acquisition," MPRA Paper 43683, University Library of Munich, Germany, revised 2006.
    5. Jacek Prokop, 2005. "Monopolizacja poprzez wykup przedsiębiorstw," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 47-62.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jnlbus:v:67:y:1994:i:2:p:263-80. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.jstor.org/journal/jbusiness .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.