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Comment: A Financial Analysis of Acquisition and Merger Premiums

Published online by Cambridge University Press:  19 October 2009

Keith V. Smith
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Extract

Professors Nielsen and Melicher (N-M) have conducted well an interesting study of merger premiums as related to various measures of synergy connected with those mergers. Their study is another in a growing body of literature concerned with the merger phenomenon which increased substantially during the sixties and has continued into this decade. In order to provide an evaluation of their study, I shall consider their choice of research design and their analysis of research findings.

Type
Discussants
Information
Journal of Financial and Quantitative Analysis , Volume 8 , Issue 2 , March 1973 , pp. 159 - 162
Copyright
Copyright © School of Business Administration, University of Washington 1973

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