Empirical Analysis of Merger Enforcement Under the 1992 Merger Guidelines

Stock market perceptions of the motives

Stock market perceptions of the motives for mergers in cases reviewed by the UK competition authorities: an empirical analysis

✍ Malcolm Arnold; David Parker 📂 Article 📅 2009 🏛 John Wiley and Sons 🌐 English ⚖ 246 KB

## Abstract A number of studies have considered the motivation of managers to follow a merger strategy. However, as far as we are aware none has looked at the influence of competition regulation on merger motives using stock market data and event study techniques. Data drawn from 63 merger cases in