to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …

ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …

controlling for deal characteristics. However, longer-term post-merger bidder abnormal returns are lower for government …

the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any … the economic value of the majority interest. Both assumptions are based on Property Rights Theory and are fundamental to …

A great merger wave occurring in the United States between 1897 and 1903 was the single most important event in a … dispersed share ownership. The merger wave of 1897 to 1903 illustrates that surges in demand for shares founded upon optimistic …