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N. W. Sicherman and R. H. Pettway, “Wealth Effects for Buyers and Sellers of the Same Divested Assets,” The Journal of the Financial Management Association, Vol. 21, 1992, p. 119. doi:10.2307/3665845

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