Document Number
Weeks
Number of takeover bids
Equals 1 if taken over
Bid price divided by price 14 working days before bid
Percentage of stock held by institutions
Total book valiue of assets in billions of dollars
Equals 1 if legal defense by lawsuit
Equals 1 if proposed changes in asset structure
Equals 1 i proposed changes in ownership structure
Equals 1 if intervention by federal regulators
Equals 1 if management invitation for friendly third-party bid
SIZE Squared