CORPORATE COMBINATIONS OR FAILED ACQUISITION ATTEMPTS: PARTIAL ACQUISITIONS BY POSNER AND NON‐POSNER FIRMS.

1989 ◽  
Vol 15 (4) ◽  
pp. 29-39 ◽  
Author(s):  
Stuart Rosenstein
Keyword(s):  
2013 ◽  
Author(s):  
Duarte Brito ◽  
Ricardo Ribeiro ◽  
Helder Vasconcelos

2018 ◽  
Vol 50 ◽  
pp. 82-104 ◽  
Author(s):  
Man Dang ◽  
Darren Henry ◽  
Xiangkang Yin ◽  
Thuy Anh Vo

2016 ◽  
Vol 7 (3) ◽  
pp. 343-367
Author(s):  
Yangsoo Jin

Abstract The price effects of a partial acquisition may be far more complex than those of a full merger. The discussion on this issue, however, has not been well developed in Asian countries, including Korea. However, a partial acquisition case occurred in Korea in which Essilor intended to acquire fifty-percent shares of its competitor, DM Optical. In this paper, we modify and reorganize theories of upward pricing pressure (UPP) in partial acquisitions and apply them to this case. This paper, therefore, intends not only to initiate a discussion, but also to suggest an exemplary method to conduct UPP analysis in partial acquisition environments. Specifically, it will contribute to methodological advances by analyzing the case in a fashion that circumvents limitations of time and data, the main obstacles merger reviewers often face, in practice.


2009 ◽  
Vol 165 (3) ◽  
pp. 508 ◽  
Author(s):  
Patricia Charléty ◽  
Marie-Cécile Fagart ◽  
Saïd Souam

2008 ◽  
Vol 17 (4) ◽  
pp. 529-545 ◽  
Author(s):  
Yun W. Park ◽  
Zekiye Selvili ◽  
Moon H. Song
Keyword(s):  

2018 ◽  
Vol 10 (1) ◽  
pp. 132-180 ◽  
Author(s):  
Nadav Levy ◽  
Yossi Spiegel ◽  
David Gilo

We study the incentive to acquire a partial stake in a vertically related firm and then foreclose rivals. We show that whether such partial acquisitions are profitable depends crucially on the initial ownership structure of the target firm and on corporate governance. (JEL D21, D43, G34, L13, L22)


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