SSRN-Going Private via LBO - Shareholder Gains in the European Markets by Andre Betzer, Christian Andres, Mark Hoffmann
Betzer, Andres, and Hoffmann investigate what happened to European public firms that went private in the 1996-2002 period. Using classic event study methodology, they find "a positive and significant return...Of about 13.83% at the announcement day." (Don't you love the "
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