Repeated Acquirers in Fdic Assisted Acquisitions
J. OF BANKING AND FINANCE
Posted: 15 Sep 1997
Abstract
In a study based on 128 FDIC assisted acquisitions and 387 non-assisted acquisitions, we found that only repeated acquirers produced abnormal returns in FDIC assisted acquisitions. Our analysis shows that the FDIC repeated acquirer improved its profiting chances by reducing the winning bid and the number of bids. We discuss our results in the context of experience/information theory and within the framework of FDIC practices.
JEL Classification: G21
Suggested Citation: Suggested Citation
Zhang, Hao, Repeated Acquirers in Fdic Assisted Acquisitions. J. OF BANKING AND FINANCE, Available at SSRN: https://ssrn.com/abstract=11144
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