The use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and … acquisition activity including offer prices, deal success, market reaction, and merger waves. Offer prices are biased towards the …, bidder shareholders react increasingly negatively as the offer price is pulled upward toward that price. Merger waves occur …

This paper examines the existing studies on merger efficiency issues. The paper is in the nature of a review and the … followed two empirical approaches viz; event study methodology and pre and post merger performance using accounting data …

foreclosure action because of the doctrine of merger …

Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers … to make. The main novelty of this work is the use of data from company reports on the merger-generated synergy …

This paper analyzes the law and economics of insider trading in the context of takeover bids, focusing on the European …

-pricing effect of stock offer, we hypothesize that the likelihood of stock payment increase with the pre-merger dividend policy of …

-taking. These results are consistent with the “takeover incentive hypothesis,” an original proposition stating that GPs influence … risk-taking through the incentive of a CEO with a GP to accept a takeover, as well as delta's role in affecting the weight … of the CEO's incentive to maximize the expected takeover-associated equity portfolio wealth. The findings do not support …

industry merger and acquisition activity. All of these effects are stronger for smaller firms than for larger firms …