NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Financial vs. Strategic Buyers

Marc Martos-Vila, Matthew Rhodes-Kropf, Jarrad Harford

NBER Working Paper No. 19378
Issued in August 2013

---- Acknowledgements -----

We thank Ulf Axelson, Murillo Campello, Alexander Gorbenko, Matthias Kahl, Rich Mathews, Ramana Nanda, Thomas Philippon, Gordon Phillips, Jeremy Stein, Per Stromberg, S. Viswanathan, and Gregor Weiss for fruitful discussions and comments, and we thank seminar participants at the 2013 AFA Meetings in Chicago, 2012 WFA Meetings in Las Vegas, 2012 EFA Meetings in Copenhagen, First ECCCS (European Center for Corporate Control Studies) Workshop in Lille, France, Campus for Finance 2012, LBS Private Equity Findings Symposium 2012, Harvard University, Claremont McKenna College, London School of Economics, U. Carlos III Madrid and UC Davis Symposium on Financial institutions & Intermediaries. All errors are our own. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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