exemption for transactions with wholly owned subsidiaries allows controlling shareholders to circumvent the rule extensively … shareholders and creditors. Hence, if the Commission choses to go down this route it might end up with a comprehensive regulation …

We investigate whether and how major shareholders influence M&A wealth effects for listed acquirers in Europe. To that … strong connections of family owners with management in family-controlled firms. Next, large institutional shareholders all … overconfidence. As to the division of M&A gains, we find that regardless of their identity, large acquirer shareholders tend to put …