Both Eckbo and Stillman found:
A) No negative shareholder responses from competitors to horizontal deals
B) Significant negative effects
C) The shareholder wealth effects were delayed and occurred one to two years later
D) None of the above

Question

Quizplus · Accepted Answer

Eckbo and Stillman found that there were no negative shareholder responses from competitors to horizontal deals, indicating that such deals did not harm competitors' shareholder value.

Both Eckbo and Stillman Found