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Average return to acquirers and targets by transferring assets to each other are different Often return to acquirer is none but shareholders have some amount by holding different period from announcement date Capron & Pistre , 2002.
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Average return to acquirers and targets by transferring assets to each other are different Often return to acquirer is none but shareholders have some amount by holding different period from announcement date Capron & Pistre, 2002 Share holders of target firms gain significant abnormal returns but shareholders of acquiring firm gain little, no or sometimes negative abnormal return from these investments. Loughran and Vijh (1997)
