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G. L. Hite, J. E. Owers and R. C. Rogers, “The Market for Interfirm Asset Sales: Partial Sell-offs and Total Liquidations,” Journal of Financial Economics, Vol. 18, No. 12, 1987, pp. 229-252. doi:10.1016/0304-405X(87)90040-7

has been cited by the following article:

• TITLE: Beginning Consolidation in the Renewable Energy Industry and Bidders’ M & A-Success

  AUTHORS: Sebastian Eisenbach, Christoph Ettenhuber, Dirk Schiereck, Paschen von Flotow

  KEYWORDS: Mergers and Acquisitions, Event Study, Bidder Performance, Renewable Energy Industry, Financial Crisis

  JOURNAL NAME: Technology and Investment, Vol.2 No.2, June 3, 2011

  ABSTRACT: In this paper we examine stock price reactions to mergers and acquisitions in a particular industry, the renewable energy industry. We focus on acquirers and document positive abnormal returns on a sample of 337 completed M&A-transactions announced during 2000 to 2009. We show that acquirer size, market-to-book ratio and deals announced in the recent financial crisis negatively correlate with acquirer returns. Acquirers from outside the renewable industry tend to earn positive abnormal results