merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our … assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between …

the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …

quantify the profitability effects of mergers and merger control decisions. The basic idea is to relate announcement and … concentrations during the period 1990-2002 to assess the effectiveness of European merger control. We analyze the economic effects of … the European Commission's merger control decisions and distinguish between prohibitions, clearances with commitments …

information. We test whether markets fully incorporate this information using the empirical context of mergers. During the year … after merger announcement, the passage of time is informative about the probability that the merger will ultimately complete …

the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders … blocked mergers in between 2003 and 2009. The first part of this paper lays out the following theoretical approach: We assume …

takeover target, the takeover premium, and the use of dual class shares. Ordinary Least Squares regressions suggest that the … use of dual class shares is associated with higher takeover premium. However, we also document that the use of dual class … selected we no longer find a significant relation between the takeover premium and the use of dual class shares. Hence, our …

The impact of the announcement of a takeover bid has been widely tested in foreign literature. Therefore, the main goal … of this paper is to research the impact of the announcement of a takeover bid on the share price movements in the … takeover bid affects the share prices of the target company, which is consistent with the results of previous research …

The welfare implications of vertical mergers have been a subject of disagreement for decades. Similar to horizontal … mergers, economists need to weigh the efficiency gains relative to the market power concerns when considering the competitive … effects of vertical mergers. However, in vertical mergers, regulators are also concerned with other potential harmful effects …