Is This the First International Merger Wave?
Bernard S. Black
Northwestern University - Pritzker School of Law; Northwestern University - Kellogg School of Management; European Corporate Governance Institute (ECGI)
As published in M&A Lawyer, pp. 20-26, July/Aug. 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.
A longer version of this article was published as The First International Merger Wave and the Fifth and Last U.S. Wave, 54 University of Miami Law Review 799-818 (2000), and is available from the Social Science Research Network electronic library at http://papers.ssrn.com/sol3/papers.cfm?abstract_id=231101
Number of Pages in PDF File: 11
Date posted: October 25, 2000