Borek, Thomas (contributor); Bühler, Stefan (contributor); … - 2004 - [Elektronische Ressource]
We provide a framework for analyzing bilateral mergers when there is two-sided asymmetric information about firms’ types. We show that there is always a "no-merger" equilibrium where firms do not consent to a merger, irrespective of their type. There may also be a "cut-off" equilibrium if the...