The table lists companies that were acquired in year 2000 together with the average share price in the last 30 days excluding the last 3 days before acquisition announcement ("Steady State" price), the pre-announcement opening share price, the post-announcement closing share price, and premium paid for the acquisition relative to the steady state price. Prices are in US dollars.
The discussion of the STC's investigation refers to "market capitalization" primarily to
help explain why investor sentiment toward some acquisitions is sometimes very low
caution that some variables should not be considered accurate predictors of suspicious insider trading activity
point to one of the attributes firms often use to generate investor interest in their acquisition
demonstrate that some attributes of a firm are often negatively correlated with the firm's acquisition
introduce one of the variables whose relationship to suspicious insider trading activity surprised researchers
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