Search results for "Merger"

Seat Competitiveness and Redistricting: Evidence from Voting on Municipal Mergers

2013

We analyze how (anticipated) changes in the competitiveness of the seats of municipal councilors affect their voting behavior over municipal mergers. The competitiveness of the seats changes because the merger changes the composition of political competitors and the number of available seats in the next election. We use this variation for identification and find that the smaller the increase in the competitiveness of a councilor's seat, the more likely he is to vote for the merger. These effects are not related to the behavioral responses of the voters, but arise from the councilors’ desire to avoid electoral competition.

BUSINESS CAPABILITIES AND HR KNOWLEDGE’ AS THE CRITICAL FACTOR OF DUE DILIGENCE IN PRE-ACQUISITION PHASE

2016

Previous theoretical research has argued that due diligence in the pre-acquisition phase is traditionally oriented towards legal and financial matters. However, in the innovation-driven market environment, where firms need to maintain competitive strength, business skills and knowledge play important roles. Despite this difference, the due diligence research continues in traditional areas, e.g., financial history, legal and commercial liabilities, and tax issues. Hence, the problem may arise in acquirers overpaying or mistakenly rejecting a target firm. There is a need for assessing ‘Business Capabilities and Human Resources Knowledge’ for due diligence in the pre-acquisition phase. Based o…

Breaking off the engagement : A case study about the decision to stand alone in a time of mergers in the Higher Education sector

2019

Master's thesis Innovative governance and public management ME523 - University of Agder 2019 The development in the Higher Education (HE) sector hasfor the past decade been characterized by structural changes in form of government-initiated mergers. The aim of such structural changes was to enhance the quality by concentrating the resources in fewer but stronger institutions. The signals from the Ministry of Education and Research about such changes was the start of a wave of mergers in the sector, whichover a few years resulted in a decrease in the number of Higher Education Institutions (HEI)from 33 to 21. However, not all of the negotiation processes about potential mergers turned out to…

Luminosity function for galaxy clusters

2014

AbstractWe constructed and studied the luminosity function of 6188 galaxy clusters. This was performed by counting brightness of galaxies belonging to clusters in the PF catalogue, taking galaxy data from MRSS. Our result shows that the investigated structures are characterized by a luminosity function different from that of optical galaxies and radiogalaxies (Machalski & Godłowski 2000). The implications of this result for theories of galaxy formation are briefly discussed.

From “Strategic Fit” to Synergy Evaluation in M&A Deals

2012

The aim of this paper is to grasp the processes underlying the genesis and assessment of synergies in M&A deals. We proceed to an in-depth scrutiny of the foundations of synergies using Porter’s model of the value chain. A discernment of the nature of synergies and the mode of their emergence is helpful to clarify to what extent and under which boundary conditions it is appropriate to apply the DCF or the real option techniques for evaluating each type of synergy. Combining both financial tools, the methodology suggested for evaluating the synergies is able to: evaluate projects of M&As, orient the selection of target firms and the definition of the premium of acquisition, and drive…

Dictamen profesional sobre la fusión y escisión como extrategias alternativas en un grupo de sociedades

2021

This work is a professional, legal opinion which sets out two alternative strategies (merger by absorption and partial demerger) in order to bring together the different areas of activity of the various companies in a group of companies. The aim is to provide solutions to the questions raised by customers and, therefore, to set out clearly and simply the procedure to be followed in each of the strategies, weighing up the advantages and disadvantages from each of them

Big Data and Antitrust Enforcement

2017

The interaction between information, innovation and market outcomes is shaping the modern digital industries of the 21st century: the business models of search engines, social networks, e-commerce websites and marketplaces are highly reliant on the ability to gather and process large amount of data. At the same time, it is increasingly recognized that the use of Big Data by online platforms and intermediaries has far-reaching consequences not only on economic activity, but also on social and political mechanisms: technological developments affecting information flows affect the organization of markets as well as the nature of individual interactions and the functioning of the political proc…

GW190412: Observation of a binary-black-hole coalescence with asymmetric masses

2020

LIGO Scientific Collaboration and Virgo Collaboration: et al.

Financial Synergies of Mergers and Acquisitions: Between Intentions and Achievements

2018

The nationality of companies in French law

2012

The development of international economic relations and the construction of an integrated European area, both from an economic and a political point of view, has revived the debate on the nationality of trading companies. The question is not so much whether trading companies have a nationality on an equal footing with natural persons – solutions have long been accepted by international doctrine and jurisprudence – but rather to determine how this notion has evolved and adapted to the constraints on the one hand, of a globalized market economy and, on the other hand, of European Union law which overturns the traditionally accepted solutions of nationality of trading companies into the legal …