become a separate SOE bank with a merger or consolidation pattern; and (iii) estimate the amount of State Capital … formation of a large Islamic bank, provided there are independent controlling shareholders; (ii) merger or consolidation … effects on the choice of merger or consolidation scheme are expected in terms of legality and conflict of interest between …

hypothesis that mergers effect the stock return are empirically supported of accepted. The result also show that the merger does … high return. This study aims to empirically examine the effect of mergers on stock return and tested the effect of mergers … the merger effect on acquirer stock return, which means the merger directly influence the acquirer stock return. Thus the …