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Minority Shareholders' Enforcement of Corporate Governance in Takeovers : An English Law Perspective on the Belgian Fortis Bank Case
Lee, Joseph - 2016
The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …
Persistent link: https://www.econbiz.de/10012998313
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Bargain Purchase Gains and the Acquisitions of Failed Banks
Dunn, Kimberly - 2011
In December 2007, the FASB revised accounting for business combinations and permitted firms to record a bargain purchase gain within current earnings at the completion of a business combination. Although the FASB contends that the new treatment improves the representational faithfulness of the...
Persistent link: https://www.econbiz.de/10013127771
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Intended or Unintended Consequences of Business Acquisitions : The Case of Financial Services Institutions
Lilien, Steven B. - 2018
ASC 805 gives the management of an acquiring firm flexibility in valuation and the possibility of recognizing day one bargain purchase gains (BPG). BPG acquisitions occurred frequently in the financial services industry during the crisis of 2008 and some of these acquisitions were assisted by...
Persistent link: https://www.econbiz.de/10012933700
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Interest Rate Sensitivity as Motivation for Acquisitions : Evidence from Bank Holding Companies
López-Vilaró, Joe; Rawson, Caleb; Rowe, Stephen P. - 2021
We examine the role of interest rate sensitivity for bank acquisitions. We expect that the interest rate sensitivity of a bank impacts the likelihood that it is acquired as the fair value of fixed rate loans increases (decrease) when interest rates decrease (increase) while book values remain...
Persistent link: https://www.econbiz.de/10013219408
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Control Controversies in Malawian Banking Industry Acquisitions
Kampanje, Brian Phiri - 2022
Business Combination in form of acquisition brings a lot of enthusiasm on the shareholders and the economy. These are however complex transactions governed by statutory provisions, regulator’s guidelines and professional input. This study explored business combination in the Malawian Banking...
Persistent link: https://www.econbiz.de/10013307664
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20 Year Review of Acquisitions, Mergers, Restructurings and Disposals in Malawian Commercial Banking Industry (2000 to 2020)
Kampanje, Brian Phiri - 2022
Malawian banking industry has undergone seismic transformation over the past twenty years. It has been two decades of plethora of new entrants followed by acquisitions propelled by minimum paid capital requirements which have forced smaller banks to be absorbed by bigger banks. The barriers of...
Persistent link: https://www.econbiz.de/10013307665
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Review of Antitrust Regulations in Malawian Banking Acquisitions – Institutional Review of Competition and Fair Trade Commission
Kampanje, Brian Phiri - 2022
Business combination in the banking sector plays a significant role in any given economy as proponents purport that it is a catalyst for attaining economies of scale to realise competitive advantage through cost and quality differential. Opponents postulate that big banks abuse their position...
Persistent link: https://www.econbiz.de/10013307686
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Contingent Liabilities Arising out of Ex-Employees Retrenchment Litigations on Acquisitions in Malawian Banking Industry
Kampanje, Brian Phiri - 2022
Staff retrenchment is one the contentious legal battle an acquirer probably faces because acquired firms so often had run into financial problems and had to lay off some employees who might have been challenging employer’s decision during business combination process. Such legal exposure...
Persistent link: https://www.econbiz.de/10014361503
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Reviewing Employees’ Share Ownership Schemes in Malawian Banking Industry
Kampanje, Brian Phiri - 2022
Employees, who take pride and ownership of firms they work for, are likely to be more productive and safeguard the interests of the employers. Malawian banks promoted employee share schemes from 2000 but there evidence that the euphoria on this matter is waning as fewer banks are administering...
Persistent link: https://www.econbiz.de/10013307681