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Published in:
2015 | OriginalPaper | Chapter
The Market for Corporate Control
Authors : William Forbes, Lynn Hodgkinson
Published in: Corporate Governance in the United Kingdom: Past, Present and Future
Publisher: Palgrave Macmillan UK
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Bidders and targets in cross-border mergers, in both financial and non-financial industries, appear to perform better than purely in domestic takeovers although this may be due to differences in the bidders’ and targets’ corporate governance regimes. Research findings are, as yet, mixed as to whether private equity financed takeovers earn significant returns on exit. The impact of recent reforms to UK legislation concerning competition rules are yet to be fully understood but whilst it appears to have enabled anti-trust actions to be taken more quickly, some consider the reforms intrusive whilst others consider the reforms are insufficient.