Information revelation via takeovers in correlated environments
Article Abstract:
Market share prices of rival firms to a takeover target have a propensity to increase at the time of the announcement of the bid. This occurrence can be explained as a normal share price reaction of shareholders when the bidder's knowledge about the value of the target is not known. Bidders are more inclined to make an offer if the corporation's established value is high and only if they have information advantage about the target firm's environment over other investors. A takeover bid, therefore, signals positive information about a corporation's environment.
Publication Name: Managerial & Decision Economics
Subject: Economics
ISSN: 0143-6570
Year: 1997
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Banking deposit insurance: new law effective April 1
Article Abstract:
A law was passed on Mar 26, 1995, in Oman establishing a Banking Deposit Insurance System and this law took effect on Apr 1, 1995. The system, which provides comprehensive deposit insurance cover facility, will be supervised by the Central Bank of Oman. Banks that are licensed to receive deposits are required to register in the fund system as members and become subject to this law. The sum total of the membership deposits and initial subscriptions is projected to be RO 10 million. Details about the priorities of payment are included.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1995
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