consistent with rising merger synergies that have become less bidder-specific …

There is a growing concern that U.S. merger control may have been too lenient, but empirical evidence remains limited … reviewing the use and challenges of event studies in merger analysis, I use a novel application of Hoberg-Phillips (2010, 2016 ….S. mergers between 1997 and 2017. I document that following a merger announcement, the most likely competitors experience on …

We document market anticipation of merger bids and that less anticipated bids earn significantly higher announcement …

Employing a sample of 492 merger and acquisition (M&A) announcements from 284 acquirers across North America and Europe …

This paper analyzes informed trading in acquiring firms through (stock) merger announcements. We show that pre …-announcement abnormal option volumes in acquiring firms strongly increase ahead of a stock merger (by approximately 300%). Furthermore, we … abnormal put than call option trading before stock merger announcements. Overall, our results support the view that top …

obtain abnormal returns that are statistically significant after the announcement of the M&A. However, when the merger is not …