#3128. Irrevocable commitments and tender offer outcomes

November 2026publication date
Proposal available till 29-05-2025
4 total number of authors per manuscript4500 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Finance;
Accounting;
Business, Management and Accounting (miscellaneous);
Places in the authors’ list:
place 1place 2place 3place 4
FreeFreeFreeFree
1350 $1200 $1050 $900 $
Contract №3128.1 Contract №3128.2 Contract №3128.3 Contract №3128.4
1 place - free (for sale)
2 place - free (for sale)
3 place - free (for sale)
4 place - free (for sale)

Abstract:
The paper develops three new hypotheses and explores one existing hypothesis to explain the use of IC: (1) trade-off between speed and price, (2) trade-off between probability of completion and price, (3) differences in negotiating position, and (4) block holder certification. The results show that deals with irrevocably closed deals with more than 20% of the shares have a 7-16% higher probability of completion of the tender offer and a shorter duration of the tender offer by 8-10 days.
Keywords:
acquisitions; deal-protection devices; irrevocable commitments; tender offers

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