at the area of cross-border mergers. The conduct of a cross-border merger falls within the protective scope of the …

-style takeover defences, such as poison pills and staggered boards, but allows voting caps and pyramiding in their stead. Various … investors and mandatory takeover bids …

merger between regulated firms when cost synergies are uncertain before the merger and their realization becomes private … information of the merged firm. The optimal merger policy trades off potential cost savings against regulatory distortions from … market induces a more lenient merger policy. The regulated firms' diversification into a competitive segment of the market …

companies when a decision is made by UK regulators to refer a merger or acquisition for inquiry and when the decision is … outcome of the merger or acquisition. …