Gains and Losses from Mergers: The Evidence
David J. Ravenscraft
(Professor of Finance, University of North Carolina)
621
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
:MCB UP Ltd
Copyright © 1991, MCB UP Limited