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Gains and Losses from Mergers: The Evidence

David J. Ravenscraft (Professor of Finance, University of North Carolina)

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1991

Abstract

The preceeding article has examined some of the motivations behind the high premiums offered shareholders of target firms in acquisitions and mergers. In essence, the acquirers appear to be looking for gains largely through enhanced efficiency of operations or by the replacement of inefficient management.

Citation

Ravenscraft, D.J. (1991), "Gains and Losses from Mergers: The Evidence", Managerial Finance, Vol. 17 No. 1, pp. 8-13. https://doi.org/10.1108/eb013661

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited