Double moral hazard problems are prevalent in merger remedies. We consider a holdup problem in which two merging … merger decision depends on the success of the transaction, the Competition Authority will clear the merger whenever the …

mitigating the market power impact of the merger) if merging firms divest assets to buyers outside the industry rather than …

model with finitely many shareholders. Under a freeze-out merger, shareholders expect to receive the original offer price … freeze-out merger is lower. Furthermore, the raider's expected profit decreases as the firm becomes more widely held. However …

transition from an n to an n-1 player oligopoly after a merger. Competitors are identified via the European Commission's market … investigations and our methodology allows us to distinguish the externality due to the change in market structure from the merger …

We propose a merger activity variable (MAV) as an alternative to industry merger waves. Unlike discrete merger waves … stock merger activity. We rank industries by MAV within each quarter and arrange into 12 bucket portfolios. During 1989 … each other, consistent with a build-up of misvaluation (undervaluation of less merger-active industries and overvaluation …

that the industry-adjusted operating performance of merged banks increases significantly after a merger. This finding is … significantly after a merger. Revenue enhancement opportunity appears to be more profitable if there exists more opportunity for …

I analyze the acquirers in both withdrawn and completed merger deals to disentangle the effects of signaling from those … withdrawn counterparts over the six months following initial announcement. However, if an announced stock merger later falls …