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merger enforcement. The policy debate shows that one of the key arguments put forward when supporting potential mergers is … the possibility of realization of merger efficiency gains, specifically in the transport industry. Yet, there exists … debated merger that took place in the French transport industry to evaluate whether a merger between two major transport …
Persistent link: https://www.econbiz.de/10012840664
In the B case, students discover the organizational structure chosen for the combined companies and learn that the leadership has changed since the announcement. Eleven days after the announcement of the acquisition of Sundstrand by Hamilton Standard, Raymond Kurlak of Hamilton stepped down and...
Persistent link: https://www.econbiz.de/10012774140
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 …
Persistent link: https://www.econbiz.de/10012779638
differential merger outcomes are caused mostly by firms' technology or product market attributes. Furthermore, empirical merger …. We allow the merger responses to vary across firms, even after controlling for regressors, and apply a random …
Persistent link: https://www.econbiz.de/10012951286
This paper explores the merger between Beam and Suntory as well as the industry, history, and the anti-trust effects … caused by the merger of the two companies. Using this case, we analyze Beam and Suntory's merger strategy to meet the growing … Suntory merger, such as the two firms' market positions, deal making, price adequacy, and financing, the purpose of this case …
Persistent link: https://www.econbiz.de/10012952388
This paper reviews the assessment of efficiency claims in recent EU mergers. It focuses on three broad issues:(a) whether efficiencies should be distinguished from other types of "pro-competitive effects";(b) how to establish the pass-on to consumers from efficiencies, and to balance this...
Persistent link: https://www.econbiz.de/10012952489
This article assesses the effectiveness of outlet divestitures as remedies in a merger between two large gasoline … retailers. Results show that divestitures are effective in disciplining the increase in margins generated by the merger, but … stations impacted by the merger. Interestingly, this density indicator is a good predictor of both the anticompetitive effect …
Persistent link: https://www.econbiz.de/10012902579
We find that stricter merger control legislation increases abnormal announcement returns of targets in bank mergers by … 7 percentage points. Analyzing potential explanations for this result, we document an increase in the pre-merger … other banks. Other merger properties, including the size and risk profile of targets, the geographic overlap of merging …
Persistent link: https://www.econbiz.de/10012903236
suggest that search and value discovery are important determinants of merger outcomes …
Persistent link: https://www.econbiz.de/10012904602
, announced their agreement to merge. Seven months later, the Federal Trade Commission voted 4 to 1 to oppose the merger on the … and granted a preliminary injunction, effectively dooming the merger.Staples broke new ground in terms of both the … traditionally focused on the increased probability of collusion following a merger as the primary theoretical underpinning for …
Persistent link: https://www.econbiz.de/10012889925