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172 Part Th ree Financing Operations FIGURE 5.3 Time Series of the Mean Price Index of the Shares Of 161 Target Firms Involved in

172 Part Th ree Financing Operations FIGURE 5.3 Time Series of the Mean Price Index of the Shares Of 161 Target Firms Involved in Successful Tender Offers Source: Michael Bradley, "Interfirm Tender Offers and the Market for Cnrporate Control, journal of Business 53, no. 4 (1980). 132 1.19 -10 date 10 Trading days Execution

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