Devos, Erik; Kadapakkam, Palani-Rajan; Krishnamurthy, … - In: Review of Financial Studies 22 (2009) 3, pp. 1179-1211
There is little evidence in the literature on the relative importance of the underlying sources of merger gains. Prior literature suggests that synergies could arise due to taxes, market power, or efficiency improvements. Based on Value Line forecasts, we estimate the average synergy gains in a...
