voting rules: ratio rules, difference rules, and share majority rules. The characterizations rely on two key axioms: merger … requires the shareholder voting rule to be immune to certain manipulative techniques used by shareholders to hide their …

academics and market participants, is that entrenchment reduces accountability to shareholders and amplifies agency costs, thus …

-termism in the financial markets, prominent commentators have advocated bolstering the voting rights of long-term shareholders or … preparing a proposal to give 'loyal' shareholders extra voting influence.This commentary discusses the case for departing from …

chancery court, in In re Siliconix Inc. Shareholders Litigation, held that, unlike merger freeze-outs, tender offer freeze … precedent, as reflected in In re CNX Gas Corporation Shareholders Litigation. The empirical evidence on the effect of Siliconix …, in “Post-Siliconix freeze-outs: Theory and Evidence,” Guhan Subramanian found that minority shareholders obtain lower …

collusion hypothesis, rivals of the merging firms benefit from the merger since successful collusion limits output and raises …

. To order the financial state of affairs after the merger, the current shareholders must revalue their stake in the merged …By means of a company merger formerly legally and economically independent companies are tied up to an economic entity … to define an ideal exchange ratio, the valuation problem of a merger was taken up again not earlier than in Hering (2004 …