issues such as the nature of aggregate merger activity (merger waves), market valuation effects of merger announcements (the … stock price performance of bidder and target firms), and the nature of the sources of merger gains in the context of … associated empirical evidence. It begins with surveys of principles for optimal bidding in specific auction settings, followed by …

advantage from taking over some third firm, i can be rational for the first firm to preempt this merger with a takeover attempt …