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Persistent link: https://www.econbiz.de/10003855878
the period 1990-2002 to assess the effectiveness of European merger control. The basic idea is to relate announcement and … decision abnormal returns. Under a set of four maintained assumptions, merger control might be interpreted to be effective if … rents accruing due to the increased market power observed around the merger announcement are reversed by the antitrust …
Persistent link: https://www.econbiz.de/10008939212
assess merger control's effectiveness. By using data gathered from several sources and employing different evaluation … techniques, we analyze the economic effects of the European Commission's (EC) merger control decisions and distinguish between … merging and rival firms' stocks to quantify the profitability effects of mergers and merger control decisions. We back up our …
Persistent link: https://www.econbiz.de/10010365889
concentrations during the period 1990-2002 to assess the effectiveness of European merger control. We analyze the economic effects of … the European Commission's merger control decisions and distinguish between prohibitions, clearances with commitments … quantify the profitability effects of mergers and merger control decisions. The basic idea is to relate announcement and …
Persistent link: https://www.econbiz.de/10014056772
Persistent link: https://www.econbiz.de/10001668290
This paper sets out the findings of an ex-post economic assessment of the conditionally approved merger between Pioneer … considered by the competition authorities in evaluating the matter. The merger was prohibited by the Competition Tribunal, but … this decision was overturned by the Competition Appeal Court which approved the three-to-two merger subject to behavioural …
Persistent link: https://www.econbiz.de/10014110593
This paper was prepared as a background note for discussions on “Ex-post Assessment of Merger Remedies” taking place at …
Persistent link: https://www.econbiz.de/10015081766
affected firms' margins and merger activity. We find that these programs, which give amnesty to cartel conspirators that … merger review process might be a prerequisite for strengthening anti-collusion enforcement …
Persistent link: https://www.econbiz.de/10012904944
Using data on anti-takeover provisions (ATPs) and top management characteristics hand-collected from IPO prospectuses …
Persistent link: https://www.econbiz.de/10012897332
for each outstanding share. We find, first, that for a large majority of SPACs, post-merger share prices fall, and second …
Persistent link: https://www.econbiz.de/10013235749