Document Type
Report
Key Takeaways
• Market capitalization is reduced by $22.03 million upon poison pill adoptions to protect NOLs and increases by $13.43 million when pills are adopted after a takeover offer. • The company’s strategy and corporate governance influence investor response by shaping interpretations of how poison pills will serve investor interests.
Publication Date
2016
Disciplines
Business
Copyright
© 2016, University of South Carolina
Publication Info
2016.