mergers and acquisitions. Utilizing a comprehensive dataset of M&A activity over the last 40 years, we find that 60 percent of … the reallocation term and 38 percent of the overall markup increase is due to merger activities. The merger and … and information industries account for the large portion of the aggregate pattern. We further document that the merger …

Tender offers provide the advantage of substantially faster completion times than mergers. However, a tender offer … mergers. Finally, the rivals of the bidding firm realize significantly lower announcement returns and subsequent operating … performance in tender offers than in mergers …

One of the most conspicuous features of mergers is that they come in waves, and that these waves are correlated with … increases in share prices and price/earnings ratios. We test four hypotheses that have been advanced to explain merger waves … assume that managers maximize profits, mergers create wealth, and the capital market is efficient. The last two, behavioral …

actual price effects of some forty mergers compiled from published merger retrospectives. This paper finds that event studies …Merger analysis is an exercise in prediction. This paper analyzes the accuracy of two leading methods of predicting … merger outcomes – stock market event studies, and a market-structure/Merger Guidelines approach – as well as the accuracy of …

has increased, the number of competition law enforcement activities related to cross-border mergers and cartels has risen …

We conduct an event study to assess the stock market evaluation of public takeover announcements. Unlike the majority …-Firms ; Mergers & Acquisitions …