Merger control exists to help safeguard effective competition. However, findings from a natural experiment suggest that … regulatory merger control reduces the profitability of corporate acquisitions. Uncertainty about merger control decisions reduces … takeover threats from foreign and very large acquirers, therefore facilitating agency-motivated deals. Valuation effects are …

to withhold merger gains that would have been passed to the downstream under perfect competition and prevents customers …

The market concentration doctrine predicts that a horizontal merger is more likely to have collusive, anticompetitive … effects the greater the merger-induced change in industry concentration. Since a collusive, anticompetitive merger generates … doctrine that the merger-induced expected benefits to the product market rivals of the merging firms should be an increasing …

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 …

This paper studies the use of merger review as a shield to obstacle hostile tender offers of a company. Commenting on …

This Article explores the 2010 merger of United Airlines and Continental Airlines - which usurped Delta's briefly …-held title as the world's largest airline - as well as the failed merger of Greece's two largest airlines, Olympic Air and Aegean … United and Continental merger, explaining pertinent portions of each airline's corporate history over the past 10 years …

This paper examines mergers in the UK which fall outside of the normal merger control system because they raise public … interest considerations. It sets out the legal framework and focuses mainly on two controversial cases: the takeover of HBOS by …

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 …