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The rethinking of European Takeover Law is a current challenge as well as an ongoing task. The economic and political … takeover law with its obvious socio-economic implications. Above all, the imminence of Brexit is currently set to trigger such … fundamental changes. The UK vote to leave the EU will not only lead to the detachment of Europe's most important takeover market …
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We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block rivals from obtaining assets. These incentives...
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