possibilities of merger referrals in EU merger control …

having the same agency problem. The merger creates synergy, but it also causes the principal to lose information in observing … the agent's performance. We call the latter problem the observability problem associated with merger. We focus on the … interaction of these two by-products of merger and study their effects on the firm's agency contract and profit. A key point is …

are often measured using stock price movements at the time of the merger announcement. While event studies of this sort …Merging utilities are frequently required to share the economic benefits of a merger with ratepayers. These benefits … this paper, we review the basic event study approach to merger evaluation and discuss some of the complicating factors. We …

arbitrage. Furthermore, a merger can lead to an equilibrium in which only the "high-demand" market is served. This is more … likely (i) the lower consumers' transportation costs and (ii) the higher the concentration of the industry. Therefore, merger …

India's Competition Act (2002) was amended in 2007, modifying inter alia the Act's thresholds for merger review, and … opposition in international business and legal circles. Draft merger regulations proposed by the Competition Commission of India …

corporate managers agree to a merger and then suffer a change of heart. Specifically, it uses the Delaware case of IBP, Inc. v … law doctrine may conflict in the merger context. In that context, a seller seeking to avoid a binding merger agreement … may demand that directors simply dishonor the merger agreement. The article argues that traditionally, contract doctrine …

desire for efficiency. This paper discusses the electricity industry in general and one particular electricity merger that …

available, and attention is paid to the valuation of post-merger performance of acquirers. The third section aims at providing …