Cornelli, F and Felli, L (2012) How to sell a (bankrupt) company. International Review of Finance, 12 (2). pp. 197-226. ISSN 1369-412X
Official URL: http://onlinelibrary.wiley.com/doi/10.1111/j.1468-...
Abstract
This paper suggests a way to sell a company that maximizes the proceeds from the sale. The key to this proposal is the option left to the seller to retain a fraction of the shares of the company. Indeed, by retaining the minority stake, the seller can transfer the control of the company while reducing to a minimum the rents that the sale of the company leaves in the hands of the buyer. We then focus on two main applications of this idea: bankruptcy procedures and carve‐outs.
More Details
Item Type: | Article |
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Subject Areas: | Finance |
Date Deposited: | 16 May 2016 13:25 |
Last Modified: | 13 Dec 2024 02:36 |
URI: | https://lbsresearch.london.edu/id/eprint/273 |