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Why Have M&A Contracts Grown? Evidence from Twenty Years of Deals
| Content Provider | Semantic Scholar |
|---|---|
| Author | Coates, Iv John C. |
| Copyright Year | 2016 |
| Abstract | Over 20 years, MA and reverse termination fees). New contract language also includes dispute resolution provisions (e.g., jury waivers, forum selection clauses) that are puzzling not for appearing new but in why they were ever absent. A final, notable set of changes reflect innovative deal terms, such as top-up options, which are associated with a 18-day (~30%) fall in time-to-completion and a 6% improvement in completion rates. Exploratory in nature, this paper frames a variety of questions about how an important class of highly negotiated contracts evolves over time. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://fnce.wharton.upenn.edu/wp-content/uploads/2016/11/Coates_Paper.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.2862019 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |