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- W2851374521 abstract "Building on recent research in social psychology, this paper analyzes the link between the precision of initial cash offers and mergers and acquisition (M&A) outcomes. About one-half of the offers are made at the precision of one or five dollars per share, while an additional one-third are made at the precision of a half dollar or one quarter. The practice of making offers at round price-per-share levels is associated with a higher purchase price for target shares and a lower probability of deal completion." @default.
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- W2851374521 date "2018-07-10" @default.
- W2851374521 modified "2023-10-14" @default.
- W2851374521 title "Initial Offer Precision and M&A Outcomes" @default.
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- W2851374521 doi "https://doi.org/10.1111/fima.12229" @default.
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