Selling to buy : asset sales and mergers and acquisitions.
@inproceedings{McNamee2017SellingTB,
title={Selling to buy : asset sales and mergers and acquisitions.},
author={Nathan P. McNamee},
year={2017}
}This thesis studies the effects of using proceeds from asset sales as a source of funding for mergers and acquisitions (M&As).
The first empirical chapter investigates the financing decisions made by acquiring firms and seeks to test a new theoretical framework proposed by Edmans and Mann (2017) which models a firm’s funding choice between asset sales and equity offerings. Their theory identifies settings in which a firm may prefer to select one financing source over the other, which may… Expand
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