We consider a setting in which two potential merger partners each possess private information pertaining both to the …-post regret an unavoidable phenomenon in merger negotiations. To this end, we consider ex-post mechanisms, which use both players …' reports to determine whether or not a merger will take place and what each player will earn in each case. When the outside …

This paper examines two financially distressed companies and their restructuring strategies. The existing distress … post-distress, to understand the nature of the firms' difficulties. It then examines the series of complex restructuring …

the board and shareholders came into rare public view. It suggests that stewardship theory plays a large role in …

This paper explains why consolidation acquisitions occur in waves and it predicts the differing role each firm is … likely to play in the consolidation game. We propose that whether a firm assumes the role of rival consolidator, target, or … consolidation can trigger a consolidating acquisition by a rival in a remote market segment, while some firms prefer to be a target …

collusion to be enforced. From the analysis of the impact of asset transfers on the sustainability of tacit collusion, merger … policy implications can be drawn. In particular, I show that if the merger induces an increase in the inequality of asset …