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She aims to buy at what she sees as significant discounts -- when a company's stock is temporarily mispriced because of a missed quarterly earnings target, for example, or a poor acquisition.
We all know that eBay probably made a poor acquisition when it bought Skype.
Other researchers challenge this causal interpretation and argue that ATPs do not necessarily deter takeovers or cause poor acquisition decisions.
We consider the possibility that ordinary low-status firms adopt ATPs and then their managers make poor acquisition decisions.
We also discuss the potential pitfalls associated with poor acquisition designs, short test duration and the nonuniqueness of the inversion problems.
This interactive effect suggests that ATPs per se do not spontaneously lead to poor acquisition performance and that contemporaneous changes in other driving factors, such as excess cash, could alter the relationship between governance indices and bidder returns.
Similar(51)
"Palm in particular was one of the most egregiously poor acquisitions," said Mr. Misek of Jeffries.
JJB never recovered after a series of poor acquisitions saddled it with debt during chief executive Chris Ronnie's tenure between 2007 and 2009, although some believe its problems started much earlier.
It has been unable to recover from the disastrous tenure of Chris Ronnie, chief executive between 2007 and 2009, who made a series of poor acquisitions that saddled it with debt.
Companies under threat by outsiders make promises that are too rash, buff margins through unsustainable tactics like tweaking the tax rate, or engage in poor acquisitions to try to make themselves an unsavory mouthful.
It was unable to recover from the tenure of Chris Ronnie, its chief executive between 2007 and 2009, who made a series of poor acquisitions that saddled it with debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com