ENGLISH ABSTRACT: This study investigates whether any exploitable pauems exist in a sample of tenAfrican stock markets that could lead to abnonnal gains. Southern Africa isrepresented by Botswana, Namibia. Mauritius and Zimbabwe, East Africa by Kenya,West Africa by Ghana and the BRVM, and North...

ENGLISH ABSTRACT: Successful merger and acquisitions (M & A) from a financial perspective increases shareholder value. This paper examines the effect of corporate mergers and acquisitions (M & A) on shareholder value. A discussion on shareholder value follows with reasons why companies choose M...