Determinants of acquisition premiums in M&A-transactions – an analysis of deal characteristics

Abstract
The present study examines the acquisition premiums of M&A transactions and analyzes their deal-specific determinants. It can be shown that there are considerable group differences between countries and industries. In addition to a whole range of other significant influencing factors, the share that the acquirer owns after the transaction shows a highly significant positive influence. In other words: the more control you seek, the more you pay.
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Citation
Meier J.-H. Determinants of acquisition premiums in M&A-transactions – an analysis of deal characteristics / Jan-Hendrik Meier, Tetiana Paientko, Christoph R. Meinzer // CARF Luzern 2019. Controlling. Accounting. Risiko. Finanzen : konferenzband / Hochschule Luzern. – Luzern : Linard Nadig, 2019. – P. 235–252.