Stock Buybacks Indicate Future Price Jumps from Takeovers?
November 1, 2013 - Buybacks-Secondaries
Do stocks of firms that initiate buybacks (open market stock repurchases) tend to appreciate due to elevated takeover risk? In the October 2013 draft of their paper entitled “The Timing and Source of Long-run Returns Following Repurchases”, Leonce Bargeron, Alice Bonaime and Shawn Thomas investigate the timing and source of the abnormal return associated with… Keep Reading