Baker, M. and Savasoglu, S. (2002) Limited Arbitrage in Mergers and Acquisitions. Journal of Financial Economics, 64, 91-115. https://doi.org/10.1002/smj.639
has been cited by the following article:
TITLE: An Analysis of the Determinants of Arbitrage Spread
AUTHORS: Etienne Redor
KEYWORDS: Arbitrage Spread, Determinants, Mergers and Acquisitions
JOURNAL NAME: Theoretical Economics Letters, Vol.9 No.3, March 12, 2019
ABSTRACT: This study examines the determinants of arbitrage spread of S&P 500 firms between 2004 and 2014. We find that bid hostility, the relative size of the target compared to the potential bidder and the acquisition premium paid by the bidding firm are associated with greater arbitrage spread while the proportion of cash in the offer and target termination fees are associated with smaller arbitrage spread.