high in relation to the synergies that motivated the premiums paid. In this paper, we illustrate the performance … implications of overstated synergies and develop a ten-step reference model for the calculation of synergies in order to avoid … overestimating their potential. After that, we present three case studies in which we assess how synergies are determined in practice …

Valuing and identifying synergies in mergers and acquisitions is one of the important issues in Corporate Finance. The … aim of this paper is to value the impact of synergies resulted from mergers/acquisitions in the European pharmaceutical …

This paper illustrates that taking alternative mergers into consideration when analyzing the effects of a proposed …

apply the framework to a Cournot model with cost synergies and a Bertrand model where acquisitions extend the product …

apply the framework to a Cournot model with cost synergies and a Bertrand model where acquisitions extend the product …

This paper proposes an explanation as to why some mergers fail, based on the interaction between the pre … integration efforts, counting on the partners to adapt. We explain why mergers among partners with closer corporate cultures can …

conglomerate mergers, a corresponding critical level of synergies is made explicit, and moral hazard-induced effects are deducted …Managers promises of future synergies are a common means to convince shareholders that an intended merger will raise … remains non-synergetic, and will not necessarily gain even if positive synergies can be realized. In a simple model of …