Showing 611 - 620 of 793,135
In any merger process, valuation of the deal is an important aspect. The M & A activity must make business sense and … evolved and are used in valuation. For a merger to bring in synergies, in the long run, the valuation must be fair. It is not … company's employees is the main driver for post-merger synergy.Pre-merger, there is a flurry of activities. Post merger …
Persistent link: https://www.econbiz.de/10012988167
Material Adverse Change (MAC) clauses play key roles in essentially all merger negotiations. Fewer exclusions in MAC …
Persistent link: https://www.econbiz.de/10012989019
The rules that govern the tax basis and, by extension, the holding period of property received by an acquired corporation in an acquisitive reorganization are an unlovely patchwork that emerged from major changes to the tax law in 1986 and 1988. They not only fail to provide clarity but also do...
Persistent link: https://www.econbiz.de/10012913518
In contrast to empirical evidence, recent theories of cross-border mergers and acquisitions (M&As) assume perfect knowledge transfers – from high to low productivity firms – between acquirer and target. Using the Melitz (2003) model of heterogeneous firms, we develop a matching model of...
Persistent link: https://www.econbiz.de/10012914676
The paper contributes to the empirical literature on M&A deals performed by SOEs with a detailed analysis of the reported rationales from a sample of SOE-led acquisitions over the last decade. The sample includes 355 worldwide M&A deals performed by SOEs as acquirers over the period 2002-2012....
Persistent link: https://www.econbiz.de/10012916113
model with finitely many shareholders. Under a freeze-out merger, shareholders expect to receive the original offer price … freeze-out merger is lower. Furthermore, the raider's expected profit decreases as the firm becomes more widely held. However …
Persistent link: https://www.econbiz.de/10012917786
We document firm-level changes following mergers and acquisitions (M&As) which mirror aggregate shifts in the US labor market observed in response to greater use of automation. Specifically, we show post M&A establishments become less routine task intensive, more high-skilled, and pay more...
Persistent link: https://www.econbiz.de/10012903247
Persistent link: https://www.econbiz.de/10012875934
We investigate consequences of a situation in which a merged subgroup of firms leads the market, after which merger … may prevent efficiency of the merger to improve social welfare; cost synergy may excessively reinforce the phenomenon …
Persistent link: https://www.econbiz.de/10012890643
skills to enhance firm value. In this paper, we examine the role of management practices in merger and acquisition (M … practices on takeover events. We first show that management practices, on average, increase the probability of M&A deals …
Persistent link: https://www.econbiz.de/10013221465