Cross-border mergers and acquisitions: the case of merger control v. merger deregulation
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cheltenham ; Northampton
Edward Elgar Publishing
[2018]
|
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xviii, 378 Seiten Diagramme |
| ISBN: | 9781788110884 1788110889 |
Internformat
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Datensatz im Suchindex
| _version_ | 1804178519647846400 |
|---|---|
| adam_text | CONTENTS
LIST OF FIGURES
LIST OF TABLES
LIST OF ABBREVIATIONS
TABLE OF CASES
TABLE OF LEGISLATION
INTRODUCTION
1. DEMYSTIFICATION OF MERGERS AND HISTORICAL OVERVIEW
I. HISTORICAL OVERVIEW
1. ORIGIN OF THE CORPORATION
(A) GREEK AND ROMAN ORIGINS
(B) ISLAMIC ORIGINS
(C) ITALIAN ORIGINS
(D) JEWISH CONTRIBUTIONS
2. EARLY CHARACTERISTICS AND CLASSIFICATIONS OF CORPORATIONS
3. BREAKTHROUGHS IN CORPORATIONS HISTORY
(A) THE EAST INDIA COMPANY AS THE MOTHER OF MODERN
CORPORATIONS
(B) SOUTH SEA COMPANY AND THE BUBBLE ACT
(C) TRUSTS AND ANTITRUST LAW
(D) MERGER WAVES
(E) MULTINATIONAL CORPORATIONS
4. RELATION BETWEEN STATE AND CORPORATIONS
(A) EARLY HISTORY AND FEUDALISM
(B) GRANTING CHARTERS AND MONOPOLIES
(C) CORPORATION AS A FINANCING INSTITUTION
(D) INCORPORATION BY REGISTRATION
(E) PROTECTIONISM
(F) PRIVATIZATION AND INDUSTRY DEREGULATION
(G) CORPORATION COUNTERATTACKING STATE
IX
X
XI
XIII
XV
1
7
8
11
11
13
16
19
20
27
27
31
34
43
54
56
57
59
62
64
65
67
70
VI CROSS-BORDER MERGERS AND ACQUISITIONS
II. DEMYSTIFICATION OF MERGERS 72
1. DEFINITION OF MERGERS 72
2. MERGER TYPES AND CLASSIFICATIONS 75
(A) ECONOMIC CLASSIFICATIONS 76
(B) STRUCTURAL AND PROCEDURAL CLASSIFICATIONS 79
(C) FINANCIAL CLASSIFICATIONS 80
(D) OTHER RESTRUCTURING TRENDS AND FORMS 83
(E) DISTINCTION BETWEEN MERGERS AND OTHER GROWTH
ALTERNATIVES 85
3. MERGER DYNAMICS 94
(A) PREPARATION AND SCREENING 94
(B) PRELIMINARY AGREEMENT 96
(C) DUE DILIGENCE AND VALUATION 100
(D) STRUCTURING AND FINANCING THE TRANSACTION 107
(E) CLOSING THE TRANSACTION 108
III. CONCLUSION 111
2. MERGER INCENTIVES, EFFICIENCIES, AND IMPEDIMENTS 113
I. MERGERS INCENTIVES 115
1. SYNERGIES 115
(A) OPERATIONAL SYNERGIES 116
(B) FINANCIAL SYNERGIES 119
2. MISVALUATION 121
3. MANAGERIAL PURPOSES 122
(A) HUBRIS AND WINNER S CURSE 123
(B) MISMANAGEMENT 124
4. TECHNOLOGICAL ALIGNMENT 125
5. EXCHANGE RATES 127
6. STRATEGIC AND MARKET INCENTIVES 129
7. TAX EFFICIENCIES 131
II. MERGERS EFFICIENCIES 133
1. MERGERS EFFICIENCIES IN THEORY AND EMPIRICAL FINDINGS 133
2. FACTORS FOR SUCCESS AND FAILURE 138
3. THE FULL DOMESTIC PICTURE AND DRAWBACKS 141
4. MERGERS AND THE SEMI-GLOBALIZED WORLD 152
III. CROSS-BORDER MERGERS IMPEDIMENTS OVERVIEW 161
1. EMPLOYMENT ISSUES 163
2. ENVIRONMENTAL ISSUES 166
3. FOREIGN CURRENCY-RELATED ISSUES 167
4. FOREIGN CORRUPT PRACTICES ISSUES 169
5. FOREIGN INVESTMENT AUTHORIZATIONS 171
6. INDUSTRY-SPECIFIC LIMITATIONS 176
CONTENTS VII
7. INTEGRATION ISSUES 177
8. NATIONAL SECURITY CLEARANCE 181
9. PROFESSIONAL SERVICES 183
10. STOCK EXCHANGE ISSUES 185
11. TAXATION ISSUES 188
12. SUCCESSORSHIP ISSUES 191
IV. MERGER CONTROL AS A CROSS-BORDER MERGER IMPEDIMENT 193
1. MERGER CONTROL AT A GLANCE 193
(A) US PREMERGER CONTROL 194
(B) EU PREMERGER CONTROL 205
(C) EGYPT POST-MERGER CONTROL 213
2. DRAWBACKS OF MERGER CONTROL 218
(A) COSTS 219
(B) DIFFERENT POLICIES AND ENFORCEMENTS 224
(C) EX ANTE IS AN ADDITIONAL LAYER 230
(D) EXCLUSION OF BEHAVIORAL ANTITRUST 234
(E) EXTRATERRITORIAL REACH 240
(F) FOUNDATIONAL ERRORS 244
(G) POLITICAL INFLUENCE 255
(H) PRIVACY AND DATA-RELATED ISSUES 260
(I) REMEDIES 263
(J) TIME CONSUMING 267
V. CONCLUSION 269
3. PROPOSALS FOR REFORM 272
I. BILATERAL COOPERATION AGREEMENTS 274
1. PROPOSAL DESCRIPTION 274
2. PROPOSAL ASSESSMENT 279
II. INTERNATIONAL MERGER CONTROL RULES 283
1. PROPOSAL DESCRIPTION 283
2. PROPOSAL ASSESSMENT 290
III. SUPRANATIONAL PREMERGER CONTROL INSTITUTION 293
1. PROPOSAL DESCRIPTION 293
2. PROPOSAL ASSESSMENT 303
IV. PROCEDURAL PROPOSALS 306
1. JURISDICTIONAL RULES 307
(A) PROPOSAL DESCRIPTION 307
(B) PROPOSAL ASSESSMENT 308
2. COMMON ONLINE FILING SYSTEM 311
(A) PROPOSAL DESCRIPTION 311
(B) PROPOSAL ASSESSMENT 313
3. MULTILEVEL MONITORING SYSTEM 314
VIII CROSS-BORDER MERGERS AND ACQUISITIONS
(A) PROPOSAL DESCRIPTION 314
(B) PROPOSAL ASSESSMENT 317
V. MERGER DEREGULATION 319
1. PROPOSAL DESCRIPTION 319
2. PROPOSAL ASSESSMENT 327
VI. CONCLUSION 331
CONCLUSION AND RECOMMENDATIONS 334
BIBLIOGRAPHY 339
INDEX 369
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| indexdate | 2024-07-10T08:05:16Z |
| institution | BVB |
| isbn | 9781788110884 1788110889 |
| language | English |
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| spelling | Bedier, Mohammad Verfasser (DE-588)1175586242 aut Cross-border mergers and acquisitions the case of merger control v. merger deregulation Mohammad Bedier, S.J.D. (Chief Judge - VP State Council, Egypt) Cheltenham ; Northampton Edward Elgar Publishing [2018] xviii, 378 Seiten Diagramme txt rdacontent n rdamedia nc rdacarrier Erscheint auch als Online-Ausgabe 978-1-78811-089-1 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=030330342&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Bedier, Mohammad Cross-border mergers and acquisitions the case of merger control v. merger deregulation |
| title | Cross-border mergers and acquisitions the case of merger control v. merger deregulation |
| title_auth | Cross-border mergers and acquisitions the case of merger control v. merger deregulation |
| title_exact_search | Cross-border mergers and acquisitions the case of merger control v. merger deregulation |
| title_full | Cross-border mergers and acquisitions the case of merger control v. merger deregulation Mohammad Bedier, S.J.D. (Chief Judge - VP State Council, Egypt) |
| title_fullStr | Cross-border mergers and acquisitions the case of merger control v. merger deregulation Mohammad Bedier, S.J.D. (Chief Judge - VP State Council, Egypt) |
| title_full_unstemmed | Cross-border mergers and acquisitions the case of merger control v. merger deregulation Mohammad Bedier, S.J.D. (Chief Judge - VP State Council, Egypt) |
| title_short | Cross-border mergers and acquisitions |
| title_sort | cross border mergers and acquisitions the case of merger control v merger deregulation |
| title_sub | the case of merger control v. merger deregulation |
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