Mergers and Acquisition in the Iron and Steel Sector Based in UK and US

Bagaria, Sonal (2008) Mergers and Acquisition in the Iron and Steel Sector Based in UK and US. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

From the past few year, Mergers and Acquisitions (M&A) have ruled the environment

in which the companies function. Many researchers have also been carried out where

the main focus of the study is on the abnormal returns of the acquirers of the firm

after the merger. The results have discovered that on average, the returns to the target

companies are positive and that they gain from mergers. However, the bidder returns

may be zero or negative, but it still remains a puzzle if they gain from mergers in the

long run. This research studies the performance of mergers and acquisitions and its

influence on the returns of the acquirers of the firm. It considers a sample size of 51

companies covering UK and US in iron and steel sector and studies the performance

of companies after merger and acquisition. Here use the event study with market

model approach to test the profitability of the merger.

Item Type: Dissertation (University of Nottingham only)
Keywords: mergers, iron steel
Depositing User: EP, Services
Date Deposited: 29 Sep 2008
Last Modified: 31 Jan 2018 17:59
URI: https://eprints.nottingham.ac.uk/id/eprint/22297

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