THE RELATIONSHIP BETWEEN EQUITY PARTICIPATION AND PUBLIC TARGET STATUS: CROSS-BORDER ACQUISITION IN TURKEY

The question of what percentage of the target company should be acquired in cross-border acquisitions is a critical decision. The percentage of equity sought has both risks and returns. Therefore, it affects the success and survival of the companies. The purpose of this study is to examine the impact of the target company's public status on the percentage of equity sought. According to this, acquisition activities between 2006 and 2015 performed by companies from 23 different countries in Turkey were examined. In this context, 113 acquisition activities have been identified. If the target company has public status, acquirer companies prefer buying partial acquisition to full acquisition.