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RESEARCH PRODUCT

The Idiosincrancies of the European M&A Market

Belen Gill-de-albornozHector Fabio Perafan-peñaBegoña Giner

subject

Competition (economics)Scope (project management)RestructuringCorporate governancemedia_common.quotation_subjectCashMergers and acquisitionsBusinessPaymentDatabase transactionIndustrial organizationmedia_common

description

This paper provides a comprehensive descriptive analysis of the European market of mergers and acquisitions (MA 2) method of payment; 3) geographical scope; 4) target’s attitude; 5) bidders’ competition; 6) industry relatedness; 7) public status of the firms involved; and 8) acquirers’ ownership of targets before and after the transaction. Additionally, we identify the similarities and differences of this market with those of the dominant market worldwide, namely the US. Both markets show similar trends in their activity and the occurrence of waves concentrated around economic shocks. However, the European market notably exhibits higher levels of friendly and cash deals.

https://doi.org/10.2139/ssrn.3583700