International Mergers and Acquisitions Activity Since 1990
Gregoriou, Greg N. (School of Business and Economics, State University of New York, Plattsburgh, NY, USA) / Renneboog, Luc (Professor of Corporate Finance, Tilburg University, The Netherlands, and Research Fellow at the Center for Economic Research and the European Corporate Governance Institute (ECGI), Brussels)
It is now a well-know fact that mergers and acquisitions activity comes in waves. The most recent wave, the 5th takeover wave of the 1990s, was characterized by an unprecedented number of corporate restructurings in terms of mergers and acquisitions (M&As), public-to-private transactions, spin-offs and divestitures, and leveraged recapitalizations. Following the collapse of the stock market in March 2000, M&A activity slumped dramatically, but...