Further empirical evidence on the role of leverage in mergers and acquisitions are firms at higher leverage levels acquired with higher premiums than those at lower leverage levels? - by Ashraf Hamdi Salem

Abstract

A brief survey of the literature on the U.S. market indicates that the role of l everage in mergers and acquisitions is controversial. Recent findings support th e evidence that firms do have leverage targets: managers try to meet their pre-p lanned lever