This paper analyzes capital market reactions to international bank M&A. We investigate combined stock return patterns … of targets, bidders, and their peers upon takeover announcement, and closing or withdrawal. We distinguish five common M … investors believe in gains through the exploitation of market power by the post-merger entity. In a multinomial logistic model …

. Therefore, this study aims to close this gap by exploring the effect of merger announcements on CDS spreads empirically. A …

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

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 …

Largely constant average acquirer returns over the past four decades mask fundamental changes in the takeover market … consistent with rising merger synergies that have become less bidder-specific …

bidder firms, around the announcement dates of relevant merger and acquisition (M&A) transactions in the Eurozone during the … sixth takeover wave. We emphasize the observed change in the behavior in the reaction of investors while acquiring firms in …

This study examines the response of Greek bank stock prices to the announcement of intended mergers and acquisitions (M …

We analyze the role of bank mergers as determinants of the evolution of branch presence at the county level. Panel …- and post-crisis. The results indicate that bank mergers contributed to the increase of branches in the pre-crisis period …