… Our results on takeovers and freezeouts are consistent with numerous existing empirical
findings. We first discuss the empirical implications related to takeovers and arbitrage and then …

… model of takeover and freezeouts with trading, motivated by the takeover laws prevailing in
the … ization of the equilibrium outcome of takeovers, including the takeover premium, as well …

… Our results on takeovers and freezeouts are consistent with numerous existing empirical
findings. We first discuss the empirical implications related to takeovers and arbitrage and then …

… It has been shown in the literature that such factors as large shareholdings, asymmetric
information and risk-arbitrage can resolve the free-rider problem without exclusion but may …

… by following Gomes (2001) and introducing takeover arbitrage. To the best of my knowledge,
his is the only model that combines takeover arbitrage and freezeouts in one model, but he …

… to practical limits on risk arbitrage. In our model of risk arbitrage, arbitrageurs’ risk-bearing
capacity is … We define risk arbitrage capital as the aggregate quarterly equity holdings of these …

Do freeze-out mergers mitigate the free-rider problem of corporate takeovers? We study this
question in a tender offer model with finitely many shareholders. Under a freeze-out merger, …

… Examining the outcomes of all freezeouts in the current doctrinal regime, I find that minority
shareholders received less in tender offer freezeouts than in merger freezeouts, as measured …

… In this stage there is no other party that can launch a hostile takeover and get control of
the corporation, … 22 If there is no arbitrage and no transactions costs, then there exist risk-neutral …

… freeze-outs. Ideally, we would like to compare bidder wealth in the numerous acquisitions of
… Our results contrast the existing findings for mergers and acquisitions (Andrade et al. 2001) …