Targeted Repurchases and Common Stock Returns (Classic Reprint)

Language: English

Published by Forgotten Books, 2018

1332247326 / 9781332247325

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Seller: Forgotten Books, London, United KingdomForgotten Books

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Print on Demand. This book analyzes the effects of targeted stock repurchases on company share prices. It presents fresh evidence on the price impact of these transactions, which see a firm buy back a large block of its shares from a single major shareholder, often at a premium. The author finds that while such repurchases typically cause a short-term decline in the company's share price, this is more than offset by price increases associated with the initial investment announcement and related intervening events. The author also finds that targeted repurchases preceded by a potential or actual takeover attempt, or accompanied by a standstill agreement, have a more pronounced negative effect on share price. The book discusses these findings in the context of the broader debate on targeted repurchases, exploring their implications for stakeholders and corporate governance. Ultimately, it concludes that these transactions should be viewed as part of a larger investment process that includes various potential outcomes, and that their impact on share price cannot be fully understood without considering the broader context. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.

Seller Inventory # 9781332247325_0

Title
Targeted Repurchases and Common Stock Returns (Classic Reprint)
Author
Wayne H. Mikkelson, Richard S. Ruback
Publisher
Forgotten Books
Publication year
2018
Condition
New
Book Type
print-on-demand item
Binding
Paperback
Language
English
ISBN 10
1332247326
ISBN 13
9781332247325
Seller catalogs
Business Investment

Forgotten Books

London, United Kingdom

5-star seller

AbeBooks seller since June 2, 2021

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Store description

Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.

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FB &c Ltd

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