Merger and Acquisition: Current Issues

115629 WordsMar 17, 2011463 Pages
Mergers and Acquisitions Current Issues Edited by Greg N. Gregoriou and Karyn L. Neuhauser MERGERS AND ACQUISITIONS Also edited by Greg N. Gregoriou ADVANCES IN RISK MANAGEMENT ASSET ALLOCATION AND INTERNATIONAL INVESTMENTS DIVERSIFICATION AND PORTFOLIO MANAGEMENT OF MUTUAL FUNDS PERFORMANCE OF MUTUAL FUNDS Mergers and Acquisitions Current Issues Edited by GREG N. GREGORIOU and KARYN L. NEUHAUSER Selection and editorial matter © Greg N. Gregoriou and Karyn L. Neuhauser 2007 Individual chapters © contributors 2007 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No paragraph of this publication may be reproduced, copied or transmitted save…show more content…
Nihat Solakog lu and Mehmet Orhan ˘ 6.1 Introduction 6.2 Data and methodology 6.3 Discussion of results 6.4 Conclusion 83 83 85 87 93 7 Price Volatility in Stocks Subject to Tender Offers Elaine Hutson Introduction Previous research and theoretical background The econometric analysis: market effect and volatility 7.4 Data and preliminary results 7.5 Econometric results 7.6 Trading volumes 7.7 Conclusion 7.1 7.2 7.3 96 96 97 101 102 106 110 114 CONTENTS ix 8 Merger Arbitrage: An Introduction Greg N. Gregoriou and François-Serge Lhabitant 8.1 Introduction 8.2 Merger arbitrage: the strategy 8.3 Key sources of merger arbitrage risk 8.4 Historical performance 8.5 Conclusion 118 118 119 128 132 136 9 The Impact of Cross-Border Mergers and Acquisitions on Financial Analysts’ Forecasts: Evidence from the Canadian Stock Market Alain Coën, Aurélie Desfleurs and Claude Francoeur 9.1 9.2 9.3 Introduction Conceptual framework Measures of financial analysts’ forecast errors and data 9.4 Empirical results and analysis 9.5 Conclusion 139 139 141 142 145 151 10 The Economic Analysis of US Antitrust Merger Law Germán Coloma 10.1 10.2 10.3 10.4 10.5 Introduction Theoretical literature Statute and case law Empirical studies Conclusion 155 155 156 160 163 165 11
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