Lessons from the Recent Stock Exchange Merger Activity

Kokkoris, Ioannis; Olivares-Caminal, Rodrigo

Abstract

Stock markets across the globe have been the subject of merger discussions following pressure to cut costs and become more competitive. Cross-border mergers trigger a series of different issues to be analyzed. From a transactional point of view, some of these aspects include the synergies that a merger creates, the complexities in achieving an optimal financial structure, protection of minority shareholders, etc. From a regulatory standpoint, there is an array of issues that should also be considered. This article provides an overview of competition issues affecting financial entities—because if there is a breach of competition laws the whole merger might not take place. This will be the pillar of our analysis in this paper.

Citation

Kokkoris, I., & Olivares-Caminal, R. (2008). Lessons from the Recent Stock Exchange Merger Activity. Journal of Competition Law & Economics, 4(3), 837-869. https://doi.org/10.1093/joclec/nhn002

• Journal Article Type: Article
• Publication Date: Jan 1, 2008
• Deposit Date: Oct 25, 2010
• Journal: Journal of Competition Law and Economics
• Print ISSN: 1744-6414
• Electronic ISSN: 1744-6422
• Publisher: Oxford University Press
• Peer Reviewed: Peer Reviewed
• Volume: 4
• Issue: 3
• Pages: 837-869
• DOI: https://doi.org/10.1093/joclec/nhn002