traditional merger analysis. Neither subsequent entry nor follow-on mergers necessarily mitigate the problem …

. Communication of acquisition plans does not increase takeover premiums but is less common in more competitive industries …

come under intense debate given the growing concentration of voting power among a few asset managers and disagreements over …Traditionally, fund managers cast votes on behalf of investors whose capital they manage. Recently, this system has … environmental and social issues. Major fund managers now offer their investors a choice: delegate their votes to the fund or cast …

that the tax losses and credits of acquired firms likewise exerted no impact on merger activity. Though the use of such …