Earning per share and takeovers |
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| Authors: | Samuel Eilon |
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| Institution: | Imperial College of Science and Technology, London, England |
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| Abstract: | Eps (earning per share) is widely used as a financial measure of performance, but it can be misleading in takeovers and mergers. Conditions are examined under which the eps of a combined enterprise is greater than that of each of the constituent companies prior to the bid, and the relative gains to the bidder (in terms of earning) are stated. |
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