No Free Shop

  • Adonis Antoniades, Charles W. Calomiris
  • Published 2016


We study the decisions by targets in private equity and MBO transactions whether to actively “shop” executed merger agreements prior to shareholder approval. Targets can negotiate for a 'go-shop' clause, which permits the solicitation of offers from other would-be acquirors during the “go-shop” window and may lower the termination fee paid by the target in… (More)


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Cite this paper

@inproceedings{Antoniades2016NoFS, title={No Free Shop}, author={Adonis Antoniades and Charles W. Calomiris}, year={2016} }