Dutch Auction Self-Tender Offers: Bid Characteristics, Market Premiums and Outcomes

Ebeid, Fred J.
January 1995
American Business Review;Jan1995, Vol. 13 Issue 1, p58
Academic Journal
Presents a detailed examination of Dutch auction stock self-tender offers in the United States. Growth and size aspects of Dutch auctions; Duration and outcome of offers; Sample of financial incentives offered to the tendering shareholders.


Related Articles

  • Shilling--Moving to the Internet. Rinker, Harry L. // Antiques & Collecting Magazine;May2001, Vol. 106 Issue 3, p18 

    Discusses the role of shills in running up bids at Internet auctions.

  • THE DESIGN OF AUCTIONS AND TENDERS WITH QUALITY THRESHOLDS: THE ASSYMETRIC CASE. Cripps, Martin; Ireland, Norman // Economic Journal;Mar94, Vol. 104 Issue 423, p316 

    Presents three designs of auctions and tenders. Auctions as instrument in the allocation of public franchises and service contracts; Features of the designs of auctions and tenders; Equivalence result; Use of reserve prices to produce social optimality; Applications of the designs.

  • Weekly T-Bills Go At 0.840%, 0.845%. Newman, Emily // Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p2 

    Tender rates for the Treasury's latest 91-day and 182-day discount bills were lower as the three-months incurred a 0.840% high rate, down from the previous auction's rate of 1.005% and as the six-months incurred a 0.845% high rate, down from 0.980% in the week preceding June 26, 2003. The price...

  • Auction Rate Securities Hamper Deals. J. M. // Mergers & Acquisitions Report;7/28/2008, Vol. 21 Issue 30, p1 

    The article reports on the deals interfered by auction rate securities (ARS) in the U.S. ARS are long-term holdings with renewed rates at each predetermined bidding period, which come as often as once weekly. According to the article, the decreased stream of liquidity started to push bidders...

  • Czech Telecommunication Office starts drafting new auction rules.  // Regional Today;03/20/2013, p2 

    The article reports that new auction rules are being prepared by the Czech Telecommunications Office (CTU) to replay a radio frequency auction as bidders in a failed first tender are given the opportunity to appeal the March 8, 2013 cancellation.

  • S.C. Takes E-Bids for Its Money. Kenna, Amy // Governing;Sep2000, Vol. 13 Issue 12, p96 

    Reports that South Carolina held an electronic auction in public funds. Average interest rate on state certificate of deposit; Value of the lowest accepted bid.

  • Takeover auctions with actively participating targets. Khoroshilov, Yuri; Dodonova, Anna // Quarterly Review of Economics & Finance;May2007, Vol. 47 Issue 2, p293 

    Abstract: This paper provides an analysis of takeover auctions in which target firms actively participate by changing their reserve prices. It considers a takeover auction as an affiliated value English auction with flexible reserve price and discusses how the degree of value affiliation affects...

  • Treasury 4-Weeks Go At 4.575% High Yield. Ackerman, Andrew // Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p2 

    The article reports on the multimillion-dollar of four-week bills auctioned by the Washington Treasury Department at high yield with a price of 99.644167. The coupon equivalent was 4.655 percent. The bid-to-cover ratio was 3.46. Tenders at the high rate were allotted 29.50 percent. The bills...

  • WHY DO SELLERS AT AUCTIONS BID FOR THEIR OWN ITEMS? THEORY AND EVIDENCE. Beckmann, Michael // Schmalenbach Business Review (SBR);Oct2004, Vol. 56 Issue 4, p312 

    This paper illustrates, both theoretically and empirically, the determinants of seller bidding at auctions. Based on search theoretical considerations, seller bids are explained as the seller's rejection of submitted price offers that fall short of his reservation price. The search model allows...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics