We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
STACKED DECK: GO-SHOPS AND AUCTION THEORY.
- Authors
Denton, J. Russel
- Abstract
The article explores the important aspects of auction theory as it relates to corporate takeovers. It provides a background of go-shop provisions, discusses the kind of transaction in which go-shops are being used, and summarizes how a typical go-shop provision works. The impacts of go-shop provisions on expected revenue, based on auction theory are discussed. The article also examines real-world mergers to determine whether or not auction theory correctly predicts the outcomes in go-shop transactions, and offers a set of recommendations to make go-shops more effective at maximizing shareholder value.
- Subjects
AUCTION theory; MERGERS &; acquisitions; CORPORATION law; AUCTIONS; COMMERCIAL law; STOCKHOLDERS; CORPORATE governance
- Publication
Stanford Law Review, 2008, Vol 60, Issue 5, p1529
- ISSN
0038-9765
- Publication type
Article