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In March of 2000 the New York Stock Exchange proposed a merger with The Nasdaq Stock Market. Applying a qualitative … assessment to the proposed merger from the organizations' perspective it is argued that the merger would be favorable for both … organizations. Applying a quantitative assessment to the proposed merger from an antitrust perspective it is shown that the merger …
Persistent link: https://www.econbiz.de/10012825721
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
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
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 …
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, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …
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reactions around the day of the merger's announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several … merging firms' bargaining power during the second phase of the merger review. …
Persistent link: https://www.econbiz.de/10010366535
reactions around the day of the merger's announcement provide information on the first question, whereas the stock market … hypotheses on the effects that remedies are supposed to achieve depending on the merger's competitive outcome. We isolate several … merging firms' bargaining power during the second phase of the merger review …
Persistent link: https://www.econbiz.de/10014061864
This paper aims to build and empirically evaluate a discrete choice model of merger remedies as a basis for policy … analysis. The database consists of 229 merger cases accepted in Phase I or Phase II of the European merger process between 1990 …
Persistent link: https://www.econbiz.de/10013068862