Otchere, Isaac; Mustopo, Suhadi - In: Value creation in multinational enterprise, (pp. 229-254). 2006
We investigate global competitors’ reaction to the Citicorp–Travelers mega merger announcement and find that global … competitors, especially banks in Europe and the US, reacted positively to the Citicorp and Travelers’ merger announcement. The … uncertainties created by the investigations into the merger proposal had significant impact on the competitors’ stock price. The …