Examinando por Materia "Oferta pública de adquisición"

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    Ítem
    Caballeros, escuderos, píldoras y joyas : carencias y retos de la regulación colombiana en relación con las estrategias de defensa contra una oferta pública de adquisición hostil
    (Universidad EAFIT, 2023) Ferrer Buriticá, Sara; Vélez Villegas, Juan Esteban
    Takeover bids as a mechanism to obtain control of companies whose shares are listed on the Colombian Stock Exchange Market have been conducted for several years. Although there have been acquisitions through friendly offers, until 2021, they had not been presented in the form of hostile takeovers. In this sense, the purpose of this thesis is to identify the challenges that the Colombian regulation has regarding the means of defenses of these hostile takeover bids, and whether the application of these mechanisms would presuppose a violation of the current financial regulation. In addition, to present a comparative law study with the United States to analyze the feasibility of applying the mechanisms of that legislation to the Colombian case.
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    Ítem
    Ofertas públicas de adquisición y reacción de precios en Suramérica
    (Universidad EAFIT, 2022) Bustamante Peláez, Juan David; Sánchez Sepúlveda, Daniel Alejandro; Restrepo Tobón, Diego Alexander
    In the present investigation the behavior of stock prices involved in an Initial Public Offering in the Colombian, Chilean and Peruvian markets is analyzed. For this, a quantitative analysis to determine the impact of the IPO announcement was made. The information of the transactions of the three markets in the last ten years was collected and a database was built with the most relevant information. Subsequently, the time series with the prices of the stock 6 months before and after the IPO announcement was designed. Finally, based on the gathered information, the control premium and the reversion rate of said prices were determined. The results indicate that the average price increases significantly in anticipation and after the announcement to later return to levels close to the observed pre-IPO to the announcement.