merge and post-merger value creation and synergies? We compile comprehensive information on U.S. bank acquisitions from 1986 …

example, U.S. antitrust agencies lost several hospital merger challenges when evidence showed that a nontrivial fraction of …

mergers. We then simulate a representative set of U.S. mergers in order to evaluate merger review thresholds. Our main … lenient 2010 merger guidelines and unharmed, on average, under enforcement of the more stringent 1982 merger guidelines. We …

are robust to a range of approaches to address the endogeneity of firms' merger decisions …

more bank mergers are subjected to higher interest rates, diminished local construction, lower prices, an influx of poorer … households, and higher property crime in subsequent years. The elasticity of property crime with respect to merger … findings using state branching deregulation to instrument for bank competition …

of merger activity. We find that hospitals gaining system members in-state (but not in the same geographic market …

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 …