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Mergers and Acquisitions: Issues from the Mid-Century Merger Wave
By Michael Keenan and Lawrence J. White (editors)
2003/06 - Beard Books
1587981874 - Paperback - Reprint - 365 pp.
US$34.95
An excellent chronicle of the diversity of perspectives, disciplines, arguments, and conclusions concerning mergers and acquisitions extant in the 80s.
Publisher Comments
Following an active decade of mergers and acquisitions, in January 1981 the Salomon Center for the Study of Financial Institutions at New York University held a conference to explore a wide range of issues concerning mergers and acquisitions. Participants included academics, lawyers, government regulators, security-industry representatives as well as representatives actively involved in the merger process. A product of the conference, this book encompasses theoretical questions concerning mergers and acquisitions, legal and social concerns, and mergers in the context of corporate strategic planning.
From Amazon.Com:
This is a reprint of a previously published work. It is the product of a
conference held in 1981 by the Salomon Center for the Study of Financial
Institutions at NYU to explore a wide range of issues concerning mergers and
acquisitions.
From Book News, Inc.:
Drawing on papers from a January 1981 conference held by the Salomon Center
for the Study of Financial Institutions at New York University, this work
examines theoretical questions concerning mergers and acquisitions, legal and
social concerns, patterns of mergers and acquisitions, and mergers in the
context of corporate strategic planning. Keenan teaches finance and White
teaches economics at New York University. The book was originally published in
1982 by D. H. Heath and Company, under the title Mergers and Acquisitions:
Current Problems in Perspective. Annotation ©2003
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Michael Keenan is Professor of Finance at the Stern School of Business, New York University. His primary teaching areas are corporation finance and investments. He served from 1985-1998 as Executive Secretary and Treasurer of the American Finance Association. He is a CFA and a member of the New York Society of of Security Analysts. He received a B.S. from Case Western Reserve University in 1960 and an M.S. and Ph.D. from Carnegie Mellon University.
Lawrence J. White is the Arthur E. Imperatore Professor of Economics at the Stern School of Business, New York University. He has taken leave from NYU to serve in the US Government three times: During 1986-1989 he was a Board Member on the Federal Home Loan Bank Board; during 1982-1983 he was the Chief Economist of the Antitrust Division of the U.S. Department of Justice; and in 1978-1979 he was a Senior Staff Economist on the President's Council of Economic Advisers. He received a B.A. from Harvard in 1964, an M.Sc. from the London School of Economics in 1965, and a Ph.D. from Harvard University in 1969.
Other Beard Books by Lawrence J. White:
The
Deregulation of the Banking and Securities Industries (with Lawrence G.
Goldberg)
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Preface and Acknowledgments |
vii |
Chapter 1 |
Introduction
Michael Keenan and Lawrence J. White |
1 |
Part I |
Some Issues in Merger Theory |
7 |
Chapter 2 |
Mergers, Debt Capacity, and the Valuation of Corporate Loans
R.C. Stapleton |
9 |
Chapter 3 |
Valuation Problems in Service-Sector Mergers
Michael Keenan |
29 |
Chapter 4 |
Effects of Mergers on Information Production and
Dissemination
Joshua Ronen |
41 |
Part II |
Social and Legal Issue |
65 |
Chapter 5 |
The Social and Political Consequences of Conglomerate
Mergers
John J. Siegfried and M. Jane Barr Sweeney |
67 |
Chapter 6 |
Mergers and Aggregate Concentration
Lawrence J. White |
97 |
Chapter 7 |
Chiarella and Rule 14e-3: Theory and Practice
W. Scott Cooper, John J. Huber and Benjamin M. Wandergrift |
113 |
Chapter 8 |
Do We Want a New, Tough Antimerger Law?
Dennis C. Mueller |
169 |
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Comment
Kenneth M. Davidson |
191 |
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Comment
Eleanor M. Fox |
197 |
Part III |
Empirical Studies of the Determinants of Mergers |
203 |
Chapter 9 |
Financial Motive is Conglomerate Mergers: An Empirical Test
Ivan E. Brick, Lawrence J. Haber, and Daniel Weaver |
205 |
Chapter 10 |
Financial Characteristics of Acquired Firms
Robert S. Harris, John F. Stewart and Willard T. Carleton |
223 |
Chapter 11 |
The Role of Employment and Capital Expenditure in the Merger
and Acquisition Process
John B. Guerard, Jr. |
243 |
Chapter 12 |
Interfirm Tender Offers and the Market for Corporate Control
Michael Bradley |
267 |
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Comment
Jeffrey M. Schaefer |
301 |
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Panel Discussion
Louis Perlmutter, John A. Bulkley, and Harold M. Wit |
305 |
Part IV |
Strategic Planning and Mergers |
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Chapter 13 |
Diversification and Mergers in a Strategic
Long-Range-Planning Framework
Kwang S. Chung and J. Fred Weston |
315 |
Chapter 14 |
Implementation of the Mergers and Acquisitions Program at
United Technologies Corporation
Richard B. Curtiss |
347 |
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List of Conference Participants and Contributors |
357 |
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About the Editors |
359 |
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