February 01, 2007

No Kidding!

Another in my no, really? I wouldn't have guessed. I am glad they did a study:

The Characteristics and Fate of ‘Take Me Over’ Firms
Source: Social Science Research Network (SSRN)
“We investigate firms that publicly advertise a desire to be acquired (’take-me-over’ or TMO firms). Most TMO firms show evidence of high debt levels as well as fundamental underperformance, suggesting a desire to avoid bankruptcy.

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