HOW STOCK-SWAP MERGERS AFFECT SHAREHOLDER (AND BONDHOLDER) WEALTH: MORE EVIDENCE OF THE VALUE OF CORPORATE "FOCUS"

Alfred Chandler once described the U.S. conglomerate movement of the 1960s and '70s as an "historical aberration and a 'disaster." And the recent trend in corporate mergers and acquisitions away from "diversifying" acquisitions would seem to confirm Chandler's argument. 1998 Morgan Stanley.

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Year of publication:	1998
Authors:	Nail, Lance A. ; Megginson, William L. ; Maquieira, Carlos
Published in:	Journal of Applied Corporate Finance. - Morgan Stanley, ISSN 1078-1196. - Vol. 11.1998, 2, p. 95-106
Publisher:	Morgan Stanley

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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