This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on …

We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …

We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …

. Even if market concentration and technological disadvantages lead to a significant welfare reduction after merger, from …

, we contrast a measure of the merger's profitability based on event studies with one based on accounting data. We find …

appropriate simulation model for any given merger proposal. Due to the inevitable necessity to reduce real-world complexity and … multi-parameter character of merger cases, the comparative fit of proposed merger simulation models with mutually … regarding two aspects. First, the scope for partisan economic evidence cannot be completely eroded in merger control. Second …

employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …

employment of merger simulation models in merger control procedures during the past almost 15 years. Merger simulation is … of state-of-the-art merger simulation models and review their previous employment in merger cases as well as the problems … and limitations currently associated with their use in merger control. In summary, merger simulation models represent an …

Efficiency defence and merger remedies are key components in most merger control regimes. Although in many … firms face in merger litigation where they are allowed to choose what combination of efficiency claims and settlement offers … to make. The main novelty of this work is the use of data from company reports on the merger-generated synergy …