merger may provide some information to the antitrust authorities. In particular, the use of revealed preference may allow the … authorities to establish an expected upper limit on the efficiency gains obtained in a given merger that also increases the … participants’ market power. Such limit can then be compared to the lower threshold necessary for merger approval. The policy …

The European Commission's decision to block the GE/Honeywell merger in 2001 ignited a wave of criticism from US … antitrust authorities and commentators not seen since the Boeing/McDonnell Douglas merger in the mid-90s. This revealed deep … differences in the substance and enforcement of EC and US merger laws. At the same time a number of EC Commission's merger …

that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where … results suggest that consolidation in the banking industry may have enhanced rather than restricted the availability of credit …

In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …

China's short stock market history has already seen three merger waves, yet little is known of the performance drivers … measure. A larger acquirer size is associated with a larger takeover size, but a lesser target ratio is relative to the size …