Conflicts of Interests Among Shareholders: The Case of Corporate Acquisitions
---- Acknowledgements -----
We thank Nittai Bergman, Murray Carlson, Alex Edmans, Adlai Fisher, Ron Giammarino, Jon Karpoff, Alan Kraus, Kalina Manova, Gregor Matvos, Wayne Mikkelson, Pablo Moran, Hernan Ortiz-Molina, Michael Ostrovsky, Jon Reuter, Frederik Schlingemann, Jeremy Stein, Ralph Walkling, and seminar and conference participants at Bentley College, Boston College, Concordia, the MIT finance lunch, Rutgers University, Simon Fraser University, Tsinghua University, the University of British Columbia, the University of Texas at Austin, the University of Toronto, York University, the Pacific Northwest Finance Conference (Seattle), the 13th Mitsui Life Symposium on Value Creation at the University of Michigan (Ann Arbor), and the 2007 Western Finance Association Meetings (Big Sky) for useful comments and discussions. We acknowledge the financial support from the Social Sciences and Humanities Research Council of Canada. All remaining errors are our own. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.