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We analyze data on fees paid to investment bankers and acquisition premia paid for targets in cash tender offers. Our results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition targets. Fees to investment banks are correlated with...
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The merger of Fleet and BankBoston in September 1999 resulted in a regional New England lending market in which only … one large, universal bank remained. We explore the extent to which that merger resulted in monopoly rents for the combined … merger, Fleet and BankBoston charged unusually low loan interest rates, reflecting their ability to realize economies of …
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We analyze data on fees paid to investment bankers and acquisition premia paid for targets in cash tender offers. Our results are broadly consistent with the predictions of a benign view of the role of investment banks in advising acquisition targets. Fees to investment banks are correlated with...
Persistent link: https://www.econbiz.de/10012467350
specific acquisitions, it illustrates the remarkable range of contingencies involved in any merger attempt. The authors clearly … establish each merger's presumed objectives and the potential costs and benefits of the acquisition, and place it within the … context of the broader industry. Striking conclusions that emerge from these case studies are that merger and acquisition …
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