Alexandrou, George; Gounopoulos, Dimitrios; Thomas, Hardy M. - In: Transportation Research Part E: Logistics and … 61 (2014) C, pp. 212-234
In this comprehensive study of all shipping mergers and acquisitions from 1984 to 2011 we document that the shareholders of both acquirers and targets realise average abnormal gains of 1.2% and 3.3% respectively and both parties gain more from diversifying than focus-increasing deals. Acquirers...