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reviewed and cleared by the antitrust agencies pursuant to the existing federal merger review scheme, even after a lengthy … previously reviewed and cleared pursuant to the existing federal merger review scheme? This Article offers a qualified … with an expansion in such ex post merger challenges. By conducting that principled analysis, this Article identifies …
Persistent link: https://www.econbiz.de/10014103714
The appropriate role of merger efficiencies remains unresolved in US antitrust law and policy. The Patient Protection … challenges for antitrust. Most hospital merger cases focus on cost based efficiencies, as does most of the academic empirical … quality analysis both in the 2010 Horizontal Merger Guidelines and in antitrust case law. In doing so, the essay identifies …
Persistent link: https://www.econbiz.de/10014141191
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 …
Persistent link: https://www.econbiz.de/10013250833
Persistent link: https://www.econbiz.de/10013286608
By means of an international sample of cross-border mergers and acquisitions (M&As) involving firms with outstanding Eurobonds from the US, Europe, and other countries around the world, we show that bond performance around M&A announcements is sensitive to cross-country differences in creditor...
Persistent link: https://www.econbiz.de/10012996646
the second merger. This paper suggests that the increasing returns can be explained by information discovered by investors … about the quality of the first merger upon announcement of the second merger. Using heterogeneity in various measures of … uncertainty regarding the first merger, I find the increasing returns are concentrated in consecutive mergers where the level of …
Persistent link: https://www.econbiz.de/10013004659
the scale, the duration time, and the stability of industry merger wave. We also give explanations on why there are … networks and examines the correlation between competition structure and merger actions. We present a cascade dynamic-merger … agent-based computational model driven by competition pressure diffusion to describe the forming process of industry merger …
Persistent link: https://www.econbiz.de/10013006919
I set up an endogenous merger model in which, whenever fi rms agree to join in a coalition, the new entity acquires the … leadership in a symmetric Cournot oligopoly. I first explore the case of a single merger and show that, despite being such merger … coalition or an n - 1-fi rm coalition. I then allow for multiple coalitions and show that merger waves often occur as a fi rms …
Persistent link: https://www.econbiz.de/10012963274
of these studies pool post-merger data to estimate the average price effect of a merger. Merger guidelines agree that … mergers should be approved if market dynamics, such as entry, eliminate negative welfare effects. However, pooled post-merger … data ignore key information about price dynamics and are unable to identify if post-merger prices eventually revert to pre-merger …
Persistent link: https://www.econbiz.de/10012969257
We explore the connection between firm's market threats from product market and corporate takeover activities. Using … while firms locate in lowly fluid market experience more instabilities in competition environment. Post-takeover performance …-makings, and firms generally takeover targets locate in environment of similar market threatening, even after controlling for …
Persistent link: https://www.econbiz.de/10012969292