Profile Of Multiple Versus Single Acquirers And Their Targets: A Research Note
Ooghe, Hubert De Langhe, Tine Camerlynck, Jan
Ooghe, Hubert
De Langhe, Tine
Camerlynck, Jan
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2006
Journal
Applied Economics
Book
Publication Volume
38
Publication Issue
7
Publication Begin page
725
Publication End page
733
Publication Number of pages
Collections
Abstract
Few studies have addressed the pre-take-over financial characteristics of multiple versus single acquirers and their targets. Therefore this study investigates whether multiple acquirers, with some experience in acquiring companies, might acquire firms with different (better) financial characteristics than single acquirers. Results confirm this hypothesis in multiple ways. It seems that multiple acquirers look for complementary firms in terms of sales and growth. Multiple acquirers specifically want to acquire companies with a high sales generating ability in order to improve their own sales generating ability.
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Keywords
Corporate Finance