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EV2 is the target s market capitalization at the delisting date from CRSP total debt from Compustat cash from Compustat. EV1 is deal value excluding assumed liabilities from SDC total debt from Compustat cash from Compustat. T-statistics are in brackets. or indicates that the coefficient estimate is Panel A. Full sample EV1 to Sales EBITDA EV2 EV3 EV4 -1. EV1 and EV4 above employ SDC data to calculate this value while EV2 and EV3 employ CRSP data only. EV2 differs from EV3 if the number of...
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