The First International Merger Wave (and the Fifth and Last U.S. Wave)
24 Pages Posted: 12 Jun 2000
Date Written: May 2000
This article presents international evidence on takeover activity, and uses that evidence to argue that the current takeover wave can fairly be called the first-ever international merger wave, as much or more than it can be called the fifth U.S. merger wave. I also discuss the factors that contribute to the strength of the current takeover wave and why the takeover boom has engendered so little political concern.
Note: This is a revision of a previously announced paper.
JEL Classification: G34
Suggested Citation: Suggested Citation