Monday, December 4, 2006

Incentives and the timing of takeovers

I reader brought this cookl article to my attention:From the NY Times:"...8 of the 20 largest deals in the last four years have taken place in November and December, according to Thomson Financial. How to account for this? ....The urge to merge may be influenced by bonuses for all involved in the deal, especially the bankers. Corporate America’s biggest cheerleaders and boosters need to get paid

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