Article ID Journal Published Year Pages File Type
5059372 Economics Letters 2014 4 Pages PDF
Abstract
We analyze the impact of passive partial ownership (PPO) on horizontal mergers. We show that antitrust authorities ignoring the effects of previous PPO acquisitions invite sneaky takeovers: a PPO is strategically used prior to a full takeover to get a merger approved which is in fact detrimental to consumers.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Passive partial ownership, sneaky takeovers, and merger control
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