Merger Profit Acquiring firm stockholders seem to benefit little from takeovers. Why is this finding a puzzle?

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Merger Profit Acquiring firm stockholders seem to benefit little from takeovers.

Why is this finding a puzzle? What are some of the reasons offered for it?

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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