M&A successes: Breadth, depth, and deal completion time in the US semiconductor industry

Most previous studies examining M&As (mergers and acquisitions) have focused on the post-merger integration process. While there been that partially investigated importance of deal completion, we argue firms could learn to increase their completions by leveraging experience from prior successful acquisitions cumulative success reduce completion time; is, time announcement its resolution. To address this unexplored issue about M&As, whether intra- and/or inter-industry acquisition experiences helped accelerate subsequent focal in semiconductor industry, which is characterized rapid technological innovation. We tested our hypotheses data consisting 323 deals US industry between 2000 2013. The results showed both significantly reduced time. JEL CLASSIFICATION M10