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law instruments) that may alleviate the need for merger control intervention are dealt with. Also, the appropriateness of … connection with non-controlling minority shareholding acquisitions. This contribution concludes that the European merger control …
Persistent link: https://www.econbiz.de/10013057344
acquirer firm to learn the merger synergies with the target firm in advance. The realization of a synergy is uncertain ex ante …, so that a direct merger exhibits a downside risk not only for the merging candidates but also for consumers. We show that … initial minority share, becomes an insider, and learns the merger synergy. We show how this feature of PPOs affects a firm …
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to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers …. It follows that an antitrust authority ignoring existing PPOs when evaluating merger proposals (which reflects the … current EU merger control regime) invites sneaky takeovers: Acquiring firms strategically use PPOs prior to a full merger …
Persistent link: https://www.econbiz.de/10009788178
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Author examines the situation while the parent company controls the subsidiary and the subsidiary possess the sharing at the parent company equity. A formula for effective holding is derived and proofed for a parent-subsidiary simplified structure. A short overview of the audit consequences is...
Persistent link: https://www.econbiz.de/10013118799
ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …
Persistent link: https://www.econbiz.de/10013158587
This paper analyses lawsuits against shareholders' resolutions according to the German Stock Corporation Act (AktG) and … the German Reorganisation Act (UmwG). A merger passed at the General Annual Meeting will not move forward as long as any … lawsuit is pending with a court. In particular, mergers have to be implemented without any delay. The minority shareholders …
Persistent link: https://www.econbiz.de/10013058808
ownership increases the probability that a merger deal is cross-border, successful, and the bidder takes full control of the …
Persistent link: https://www.econbiz.de/10013148427
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