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|Title: ||Fair value and shareholder wealth gains in going private transactions|
|Authors: ||Norhayati Abdul Rahim|
|Keywords: ||Fair value|
|Issue Date: ||Jul-2009 |
|Publisher: ||University Malaya|
|Abstract: ||The firms are form to generate profit to its owner. In achieving this objective, the management will endeavor the best strategy available. However, for the public listed company any step forward for the future prospect of the company, the interest
of the minority shareholders should not be neglected.
Given the weight and the important of protecting minority shareholder interest, this study evaluates the fairness of the offer price offered to minority shareholder during going private transactions.
The finding of this study documents that the offer price offered by six out of eight
companies reflecting its intrinsic value determine by DCF valuation and above the
market price of the share before the announcement date of going private and are
considered to be a fair value to the minority shareholders.
The findings collaborated with prior evidence that going private transaction
generates positive shareholder wealth gains.|
|Description: ||Dissertation -- Faculty of Business and Accountancy, University of Malaya, 2009.|
|Appears in Collections:||Masters Dissertations : MBA|