[eb3d1] %Read* Mergers and Acquisitions: Distinguishing Winners and Losers - Thomas Z Lys %ePub@ Online

Mergers and acquisitions have played an increasingly important role in the U.S. economy over the last four decades. For example, M&A activity rose from $108 billion in 1990 to $493 billion in 1996. Moreover, not only did the pace of M&A accelerate in the last 30 years, but also individual deals are becoming larger (e.g., MCI WorldCom/Sprint merger, valued at over