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This paper presents a broad retrospective evaluation of mergers and merger decisions in the digital sector. We first … investigated mergers and whether a more effective merger control regime can be achieved within the current legal framework … theories of harm in major merger cases in the past few years. We then analyse the characteristics of almost 300 acquisitions …
Persistent link: https://www.econbiz.de/10012845689
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 …
Persistent link: https://www.econbiz.de/10010304474
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 …
Persistent link: https://www.econbiz.de/10010577058
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 …
Persistent link: https://www.econbiz.de/10008924801
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 …
Persistent link: https://www.econbiz.de/10009003593
effects of horizontal mergers and acquisitions on acquirers in the brewing industry. Based on a sample of 69 takeover …The brewing industry has recently experienced increased merger activity. This paper analyzes the shortterm wealth …
Persistent link: https://www.econbiz.de/10013090726
of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …-industry mergers, and increasing market concentration, suggesting a substantial lessening of competition through M&A. -- M&A ; Banks …
Persistent link: https://www.econbiz.de/10003893085
-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …
Persistent link: https://www.econbiz.de/10012158166
Stock returns around acquisition announcements are widely viewed as being reflective of the net present value created by these transactions. As such, announcement returns should correlate with acquisition outcomes. Using a new measure of realized transaction-level acquisition failure, as well as...
Persistent link: https://www.econbiz.de/10012263196
Commission's January 18, 2022, Request for Information on Merger Enforcement. Despite information and uncertainty problems with … exercise involved in potential/nascent competition cases should differ from a standard merger review. Third, analysis of …
Persistent link: https://www.econbiz.de/10013291871