We evaluate the economic impact of the change in European merger legislation in 2004 and propose a general framework …

Current EU law states that the competition authorities, in dealing with a merger proposal, cannot commit to specific … giving the authorities the power to propose, and commit to, remedies for a merger that they cannot accept in full will lead … to a more efficient merger policy. We do this by setting up a theoretic model where government lacks information about …

In July 2010, the management of Reliance Power Ltd and Reliance Natural Resources Ltd. announced merger of the two …

ICICI Bank-Bank of Rajasthan merger is the seventh voluntary merger in Indian banking sector, u/s 44A of the Banking … Regulation Act, 1949. This is the ICICI Bank's fourth acquisition after Sangli Bank. The background of the merger can be traced … related to the merger. Firstly, the study focuses on strategic similarities of the merging entities as the merging partner …

legal provisions of acquisition agreements to address the distinctive risks facing each merger. But the empirical question … terms of mergers. To investigate this question, we designed a modified event study to test whether markets respond to the … details of the legal terms of acquisition agreements. Our approach leverages the fact that merger announcements (which lay out …

Using merger documents filed with the SEC from 1994 to 2018, we show that being selected by investment banks as …’ informational advantage as well as their ability to facilitate future takeover transactions, appear to contribute to peers … merger filings. A portfolio that longs peers and shorts non-peers matched for industry and size earns up to 15.6% alpha in …

Shareholder value creation from hedge fund activism occurs primarily by influencing takeover outcomes for targeted … firms. Controlling for selection decisions, activist interventions substantially increase the probability of a takeover … fund activism arises from monitoring target management during merger and acquisition contests and not from target …

The paper presents the theoretical framework explaining the primary cause of mergers of the service-oriented firms …. Using the example of equity analyst firms, I analyze the motivation behind these mergers. The analysis is not limited to the … acquired over the years. I propose that service firms can benefit from the mergers when they expect the performance of its long …