Valuation Effects of LBO Announcements on Target Rivals: An Event Study of European Leveraged Buyouts between 2010 and 2016
The primary goal of this thesis is to determine whether leveraged buyouts perceptibly affect the stock prices of core competitors of the LBO target. Through the use of an original, meticulously constructed data set, the study aims to augment the scarce and discordant extant literature on the subject. A follow-up cross-sectional test is conducted to provide further insights into the dynamics that m