Book Pricing Update-Publishing Mergers & Acquisitions: 1998 in Review
نویسندگان
چکیده
منابع مشابه
Markup Pricing in Mergers and Acquisitions
This paper studies the relation between the premiums in takeover bids involving exchange-listed target firms from 1975-91 and the pre-announcement stock price runups. The evidence shows that the pre-bid runup and the postannouncement increase in the target’s stock price (the Amarkup@) are generally uncorrelated. With little substitution between the runup and the markup, the runup is an added co...
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Mergers and acquisitions pricing is usually a difficult task as it is hard to estimate the price to be paid to purchase the target company. Corporate Finance valuations provide some support, however, Baker, Pan and Wurgler (2009) explain that psychological pricing factors exist and the final price can be quite different from the initial valuations. This paper develops a two-person Merger & Acqu...
متن کاملMergers and Acquisitions
what a merger is and how it differs from an acquisition; some of the reasons why companies merge; the underlying merger rationales; what a merger driver is; what the primary merger drivers are; the difference between horizontal integration, vertical integration and conglomeration; the basic merger lifecycle and lifecycle phases; some basic measures of success for mergers; the ...
متن کاملCross-border Mergers & Acquisitions:
This paper explores the impact of cross-border M&As on host economies of Korea ; China; and Hong Kong, China. For an intensive analytical research on this topic, this paper presents a comprehensive framework for analyzing the various impacts of cross-border M&As on the competitiveness of the host economies. We apply this framework to the data from five outstanding and considerable cases of each...
متن کاملComplementarities in Mergers and Acquisitions
We examine theoretically and empirically the determinants of the degree of complementarity between bidders and targets in mergers and acquisitions. Our paper extends existing literature, which demonstrates that firms that have stronger complementarities are more likely to become merger partners, by addressing the heterogeneity in bidders’ and targets’ complementarity in observed acquisitions. O...
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ژورنال
عنوان ژورنال: Against the Grain
سال: 1999
ISSN: 2380-176X
DOI: 10.7771/2380-176x.3734