Are Takeover Premiums Really Premiums? Market Price, Fair Value, and Corporate Law

Authors

Lynn A. Stout, Cornell Law SchoolFollow

Document Type

Article

Publication Date

4-1990

Keywords

Takeover premiums, Pricing theory, Demand elasticity, Downward-sloping demand function, Capital Asset Pricing Model, CAPM, Heterogeneous beliefs model, Insider trading, Stock valuation

Disciplines

Business Organizations Law | Securities Law

Comments

This article predates the author's affiliation with Cornell Law School.

Recommended Citation

Stout, Lynn A., "Are Takeover Premiums Really Premiums? Market Price, Fair Value, and Corporate Law" (1990). Cornell Law Faculty Publications. 747.
https://scholarship.law.cornell.edu/facpub/747

Publication Citation

Published in: Yale Law Journal, Vol. 99, No. 6 (April 1990).