Purpose – Recently numerous mergers have been realized. The paper aims to discuss famous static models about the exchange ratio. The paper then seeks to propose a simple dynamical model to valuate both the immediate merger's effects and the delayed ones. Design/methodology/approach – The...

Purpose - Recently numerous mergers have been realized. The paper aims to discuss famous static models about the exchange ratio. The paper then seeks to propose a simple dynamical model to valuate both the immediate merger's effects and the delayed ones. Design/methodology/approach - The paper...