Mergers and Acquisitions: Issues from the Mid-Century Merger Wave By Michael Keenan and Lawrence J. White (editors)

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.

An excellent chronicle of the diversity of perspectives, disciplines, arguments, and conclusions concerning mergers and acquisitions extant in the 80s.

Publisher Comments

Categories: Banking & Finance

Of Interest:

A Not-So-Tender Offer

Dangerous Pursuits: Mergers and Acquisitions in the Age of Wall Street 

Leveraged Management Buyouts

Managing the Merger: Making It Work

Megamergers: Corporate America's Billion-Dollar Takeovers

Merger: Takeover Conspiracy

Merger: The Exclusive Inside Story of the Bendix-Martin Marietta Takeover War

Takeover: The New Wall Street Warriors: The Men, the Money, the Impact

The General Mills/Parker Brothers Merger: Playing by Different Rules

The Human Side of Mergers and Acquisitions: Managing Collisions Between People, Cultures, and Organizations

The ITT Wars: An Insider's View of Hostile Takeovers

The Titans of Takeover

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.

No book reviews available.

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 Books by Lawrence J. White:

The Deregulation of the Banking and Securities Industries (with Lawrence G. Golbergs)
Technology and the Regulation of Financial Markets, Securities, Futures, and Banking (with Anthony Saunders)

Preface and Acknowledgments vii
Chapter 1. Introduction 1
Michael Keenan and Lawrence J. White
Part I. Some Issues in Merger Theory 7
Chapter 2. Mergers, Debt Capacity and the Valuation of Corporate Loans 9
R.C. Stapleton
Chapter 3. Valuation Problems in the Service-Sector Mergers 29
Michael Keenan
Chapter 4. Effects of Mergers on Information Production and Dissemination 41
Joshua Ronen
Part II. Social and Legal Issues 65
Chapter 5. The Social and Political Consequences of Conglomerate Mergers 67
John J. Siegfired and M. Jane Barr Sweeney
Chapter 6. Mergers and Aggregate Concentration 97
Lawrence J. White
Chapter 7. Chiarella and Rule 14e-3: Theory and Practice 113
W. Scott Cooper, John J. Huber and Benjamin M. Vandergrift
Chapter 8. Do We Want a New, Tough Antimerger Law? 169
Dennis C. Mueller
Comment 191
Kenneth M. Davidson
Comment 197
Eleanor M. Fox
Part III. Empirical Studies of the Determinants of Mergers 203
Chapter 9 Financial Motives in Conglomerate Mergers: As Empirical Test 205
Ivan E. Brick, Lawrence J. Haber and Daniel Weaver
Chapter 10 Financial Characteristics of Acquired Firms 223
Robert S. Harris, John F. Stewart, and Willard T. Carleton
Chapter 11. The Role of Employement and Capital Expenditure in the Merger and Acquisition Process 243
John B. Guerard, Jr.
Chapter 12. Interim Tender Offers and the Market for Corporate Control 267
Jeffrey A. Bulkley, and Harold M. Wit
Comment 301
Jeffrey M. Schaefer
Panel Discussion 305
Louis Perlmutter, John A. Bulkley, and Harold M. Wit
Part IV Strategic Planning and Mergers 313
Chapter 13 Diversification and Mergers in a Strategic Long-Range-Planning Framework 315
Kwang S. Chung and J. Fred Weston
Chapter 14. Implementation of the Mergers and Acquisitions Program at United Technologies Corporation 347
Richard B. Curtiss
List of Conference Participants and Contributors
About the Editors 359

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