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The nature and performance of reverse mergers

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The nature and performance of reverse mergers

Sun, Chi (2008) The nature and performance of reverse mergers. Masters thesis, Concordia University.

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Abstract

I compare a sample of reverse mergers between 1995 and 2006 with comparable mergers of public firms and acquisitions of public targets by private firms. I find that reverse merger and going private transactions target firms with different characteristics. The short horizon stock price performance upon announcement of reverse mergers is correlated with the termination fee and time to effectuate the transaction. Finally, consistent with prior research, reverse mergers result in long-run stock price underperformance. However, the magnitude of this underperformance is small and it is not accompanied by significant operating underperformance.

Divisions:Concordia University > John Molson School of Business
Item Type:Thesis (Masters)
Authors:Sun, Chi
Pagination:viii, 47 leaves : ill. ; 29 cm.
Institution:Concordia University
Degree Name:M. Sc. Admin.
Program:John Molson School of Business
Date:2008
Thesis Supervisor(s):Basu, N
Identification Number:LE 3 C66F56M 2008 S86
ID Code:976257
Deposited By: Concordia University Library
Deposited On:22 Jan 2013 16:22
Last Modified:13 Jul 2020 20:09
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