VALUATION CONSEQUENCES OF CASH TENDER OFFERS

Authors

  • Donald R. Kummer,

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    • California Polytechnic State University, San Luis Obispo and University of Missouri-St. Louis, respectively. The authors acknowledge the helpful comments by Michael Hopewell and two referees for this Journal, Michael Firth and Eugene Fama.
  • J. Ronald Hoffmeister

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    • California Polytechnic State University, San Luis Obispo and University of Missouri-St. Louis, respectively. The authors acknowledge the helpful comments by Michael Hopewell and two referees for this Journal, Michael Firth and Eugene Fama.

Ancillary