protectible despite the merger doctrine and scenes a faire …

is an important enhancement of substantive merger appraisal, it should not be considered sufficient in itself for the … finding of a significant impediment to effective competition in terms of Article 2 of the EU Merger Regulation (EUMR). Rather … of any theory of harm …

This paper examines whether and how increased entry threat drives industry merger activity. We use the reduction in … import tariffs as a natural experiment of exogenous increase in competitive intensity and study its effect on merger and … first document that increased entry threat intensifies takeover activity, consistent with the argument that M&As are an …

When corporate acquirers become self-mystified by an overly optimistic picture of potential merger gains, they end up …

suggest that search and value discovery are important determinants of merger outcomes …

Takeover bidders in stock-for-stock mergers have strong incentives to increase their own pre-merger stock prices to … underexplored opportunistic behavior by takeover bidders …

the post-merger firm. In such industries, a stand-alone structure where independent firms compete both in the product …

and managerial factors on post-merger default risk. Our results are consistent with the asymmetric hypothesis that … and industrial diversification play significant roles in affecting post-merger default risk. We find limited evidence …

at the area of cross-border mergers. The conduct of a cross-border merger falls within the protective scope of the …

We consider a sequential merger game between Cournot firms with homogeneous product and quadratic cost function. A … incentive to merge. The profitability of any merger is predicted to increase with the number of mergers having already taken … of a wave. The model helps reconcile some of the most important stylized facts about merger and acquisition activities …