performance measures. We argue that mergers and acquisitions are distinct strategies, because of the unique regulatory structure … create value and non-related acquisitions destroy value, both related and unrelated mergers create value. Copyright Springer … extant theories of synergy or agency. We present a modified synergy story and illustrate that, while related acquisitions …

The lack of hostile takeovers and relatively modest wealth gains associated with REIT mergers motivate two fundamental … potential buyers are contacted. Second, REIT mergers are on average just as competitive, or more so, as those in other … produced by REIT mergers. Copyright Springer Science+Business Media New York 2015 …

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbidand destroy shareholder …

Do shareholders of acquiring companies profit from acquisitions, or do acquiring CEOs overbid and destroy shareholder … an informative estimate of the causal effect of mergers in our sample. Existing measures of long-run abnormal returns …

for the savers. Given the adverse implications of banking mergers for a competitive environment, we argue that to maintain …