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The First International Merger Wave (and the Fifth and Last U.S. Wave)

24 Pages Posted: 12 Jun 2000  

Date Written: May 2000

Abstract

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.

Notes: This is a revision of a previously announced paper.

JEL Classification: G34

Suggested Citation

Black, Bernard S., The First International Merger Wave (and the Fifth and Last U.S. Wave) (May 2000). As published in University of Miami Law Review, Vol. 54, pp. 799-818, 2000. Available at SSRN: https://ssrn.com/abstract=231101 or http://dx.doi.org/10.2139/ssrn.231101

Bernard S. Black (Contact Author)

Northwestern University - Pritzker School of Law ( email )

375 E. Chicago Ave
Chicago, IL 60611
United States
312-503-2784 (Phone)

Northwestern University - Kellogg School of Management

2001 Sheridan Road
Evanston, IL 60208
United States
847-491-5049 (Phone)

European Corporate Governance Institute (ECGI)

Brussels
Belgium

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