Union Mergers

A comparative analysis of union mergers in Australia and Germany

A comparative analysis of union mergers in Australia and Germany Anja Kirsch University of Sydney In this paper, the most recent waves of union mergers in Australia and Germany are examined and their outcomes assessed in a comparative analysis. It is established that in both countries, mergers took place during a period of economic reform and declining union membership. The merger wave was shor...

The effect of mergers on credit union performance

The motivation for mergers in the credit union industry differs from the commercial bank industry due to the lack of residual claimants to benefit from wealth gains. In the cooperative ownership environment of credit unions, the owners/members gain utility via the rates offered for loans and deposits. Credit union regulators also gain utility when mergers remove risky credit unions from the ind...

Mergers and Partial Mergers Under EEC Law

This Article, in Parts I-III, traces the development of Articles 85 and 86 of the EEC Treaty from the drafting of the Treaty, through discussions in the 1960s on their possible application to mergers, to the Continental Can case in 1973 and its subsequent interpretation. Part IV examines the Commission’s proposal for a regulation on the control of concentrations between undertakings. Part V exp...

Mergers and market valuation: real options approach

This paper investigates the connection between market valuation anda type of the merger (stock, cash) using real options setup. I solveexplicitly for the timing and terms of cash mergers in two deferent settingsto demonstrate that cash mergers generally occur at low marketvaluations, whereas stock mergers that may be observed at both low andhigh valuations; the result holds with some dierences ...

Predatory Mergers