issues. We take the merger paradox from the standard oligopoly literature as a starting point and show that in the absence of … any cost-synergies of merger activities, firms do have an incentive to divest further instead of joining mergers. We then … endogenously and simultaneously requires both cost synergies and cost dissynergies. Endogenous merger size is then a function of …

Worksheet exercise to illustrate the accounting for the Merck/Schering-Plough reverse merger.Learning Objective: To …

Students have to identify the acquirer in a business combination structured as a reverse merger.Learning Objective …

The literature on mergers and acquisitions shows that a merger among identical firms is not profitable. This study … if environmental policies adjust with a change in market structure because of a merger, such a merger can be profitable …

The two leading merger systems - those of the United States and the European Union - treat the potential benefits and … principle has important systemic effects for merger control. Not only does it stand in the way of some socially desirable … principle, the probability-adjusted net present value of merger risks should be treated symmetrically with the probability …