The Information Provision in the Corporate Acquisition Process: Why Target Firms Obtain Multiple Fairness Opinions

I am particularly grateful to my dissertation committee chair, Harold Mulherin, as well as two anonymous reviewers, Mohan Venkatachalam (editor), Scott Atkinson, Brian Baugh, Sandra Betton, Matej Blasko, Saeyoung Chang, Daniel Chi, Sam Choi, Richard DeFusco, Gregory Eaton, Geoff Friesen, John Geppert, Stuart Gillan, Jack He, Sara Holland, Jiekun Huang, Paul Irvine, Mel Jameson, Scott Lee, Jeffry Netter, Stas Nikolova, Bradley Paye, Annette Poulsen, John Puthenpurackal, Jun Qian, Mike Sullivan, Tao Shu, Paul Thistle, William Vogt, Jing Wang, Julie Wu, Andrew Zhang, conference participants at the 2014 Eastern Finance Association Meeting and the 2014 Northern Finance Association Meetings, and seminar participants at The University of Georgia, University of Nebraska–Lincoln, and University of Nevada, Las Vegas for helpful comments and suggestions.

Supplemental material can be accessed by clicking the link in Appendix B.

Editor's note: Accepted by Mohan Venkatachalam, under the Senior Editorship of Mark L. DeFond.