The analysis of performance of reverse takeover companies prior to the announcement period of the KLSE 1st and 2nd board quoted companies

This research analyses the performance of the Reverse Takeover companies prior to the announcement period. The sample is selected from 1st and 2nd board companies quoted in Kuala Lumpur Stock Exchange (KLSE). The study focused five years before the announcement period.( 1988/89- 92/93 ). The result of the study suggested that the majority of the selected target companies' performance prior to the announcement period are not similar to its mdustry average and the movement are not parallel to its industry average' movement.