the paper is to explore multiple types of synergies in the recent, highly strategic cross-border merger - the Luminor … Group AB deal - and to value those synergies with the real options application. The research found that the sum of values of … different types of synergies in M&A deals as the market value added provided by this deal could be valued with real options …

-on acquisitions. We ask whether such serial (buy-and-build) acquisition strategies deliver operating synergies, as expected from …