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PDF-1IntroductionThelargepremiumstypicallyobservedincorporatetakeoverssugg PDF document

1SeeegGrossmanandHart1980ShleiferandVishny1986HirshleiferandTitman1990BulowHuangandKlemperer19991 andthatthetoeholdsizewhenpositiveincreaseswiththethresholdvalueThetoeholdthreshol

1See e.g. GrossmanandHart(1980) ShleiferandVishny(1986) HirshleiferandTitman(1990) Bulow Huang andKlemperer(1999).1 andthatthetoeholdsize(whenpositive)increaseswiththethresholdvalue.Thetoeholdthreshol

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