Yuan Gao

George Mason University - Department of Finance

Assistant Professor of Finance

4400 University Drive

MSN 5F5

Fairfax, VA 22030

United States

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Rumors and Pre-Announcement Trading: Why Sell Target Stocks Before Acquisition Announcements?

Number of pages: 42 Posted: 09 Dec 2004 Last Revised: 17 Aug 2012
Yuan Gao and Derek Oler
George Mason University - Department of Finance and Texas Tech University - Rawls College of Business
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Abstract:

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Takeover announcements, rumors, price discovery, trade reaction