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This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on the transaction Oracle/PeopleSoft (2004) it reflects on the significance and risks of the antitrust authorities' analysis of M&A. The correct definition of the relevant market...
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that growth is merely industry consolidation, not organic growth, and geographical differences are the result of different … the proliferation of leveraged buyouts in Europe is accelerating consolidation, without visible firm operating performance …
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