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This article refers to a paper written by Nandu Nagarajan, Frederik Schlingemann and Mehmet Yalin (Katz Graduate School of Business, University of Pittsburgh) and Marieke van der Poel of the Department of Finance, RSM. They argue that positive bidder gains are not necessarily inconsistent with overpayment, nor are negative bidder returns always a direct consequence of overpayment.
This article refers to a paper written by Nandu Nagarajan, Frederik Schlingemann and Mehmet Yalin (Katz Graduate School of Business, University of Pittsburgh) and Marieke van der Poel of the Department of Finance, RSM. They argue that positive bidder gains are not necessarily inconsistent with overpayment, nor are negative bidder returns always a direct consequence of overpayment.