This research delves into the wealth effect of shareholders from bidding firms created by mergers and acquisitions (M&A) in China and India, two of the world's most populous nations. The study reveals that on average, M&A deals create wealth for shareholders of the acquiring firms, as determined by abnormal percentage returns in a five-day event window. Regarding the further classification of acquiring firms based on industry, the abnormal percentage returns vary in different sectors in both countries. In China, shareholders benefit in seven out of ten industries, while in India, they gain in five out of nine industries. Moreover, the stock markets' responses vary depending on the type of M&A in each country. Cross-industry M&A deals in China generate higher gains for shareholders than within-industry deals, whereas, in India, within-industry M&A deals generate higher gains.

Packaging Strategies spoke with Thomas Blaige, founder of Blaige Industry Analytics LLC, and Ron Giordano, a senior executive adviser at Blaige, to get an overview of M&A in the packaging industry.

Hilcove comes to Stronghouse with more than 15 years of investment banking and corporate development experience, leading mergers and acquisitions throughout the U.S.

National Bureau of Economic Research

National Bureau of Economic Research

The following are mergers under review by the European Commission and a brief guide to the EU merger process:

The study assesses the role of feed-in tariffs (FITs) and renewable energy certificates (RECs) in creating incentives for cross-border investments and for investments in particular technological portfolios via M&A. The analysis explores the dataset on M&As in alternative energy sources worldwide over 2005-2011.

The results show mergers of two dense stellar remnants are the likely cause of many of the supernovae that have been used to measure the accelerated expansion of the universe.

The post Mergers of dense stellar remnants are likely trigger for many supernovae appeared first on Smithsonian Insider.

Andrew Waldeck, partner at Innosight and coauthor of the HBR article "The New M&A Playbook."

You would have given your bank account numbers and IFSC codes for various financial transactions. Unless these accounts are seamlessly merged into the financial system of the anchor bank, you would be required to change the details of your bank account.

Regional local governments say the Western Australian Government's handling of council mergers in Perth is increasing their fears they will be forced into mergers they do not want.

A Liberal MP has told State Parliament that council amalgamations should have started in regional Western Australia.

Banknet releases Handbook on Mergers and Acquisitions in Indian Banking System

Introduction The Competition and Markets Authority (“CMA”), the authority responsible for operating and enforcing the UK merger control regime, has published its updated Retail Mergers Commentary (“New Commentary”).1 The CMA ...

Jim Cramer gets a preview of J.P. Morgan's upcoming health-care conference with the firm's top health-care analyst, Lisa Gill.

The Irish Revenue has published guidance on the tax compliance obligations that arise from mergers and divisions.

Global M&A volume at USD 4.86 trillion in 2015 was the highest on record for any year, surpassing the previous record of USD 4.61 trillion in 2007.

Online Resource

Bank consolidation needs supportive reform

Available: October 2010

Author: Glenn R. Carrington

Tax Accounting in Mergers and Acquisitions gives in-depth, practical coverage of today's key issues in corporate acquisitions, dispositions, reorganizations, and restructurings from a transactional perspective. It will help your client:

1. Decide if the transaction should be taxable or nontaxable.
2. Structure the deal for the best results-stock or asset acquisition.
3. Achieve desired business objectives.

This book considers the tax accounting implications of structuring and restructuring transactions including those described in Code 351 (Transfer to Corporation Controlled by Transferor), 338 (Certain Stock Purchases Treated as Asset Acquisitions), 381 (Carryovers in Certain Corporate Acquisitions), 721 (Nonrecognition of Gain or Loss on Contributions to a Partnership), and 1001 (Gain or Loss on Disposition of Property). It discusses the rules relative to a taxpayer’s ability to carry over methods of accounting, to obtain audit protection through filing accounting method changes, to preserve favorable methods of accounting, to determine the effect of the transaction on any unamortized Code 481(a) adjustments (Adjustments Required by Changes in Accounting Methods), and to use the chosen structure as a means of achieving appropriate tax accounting objectives. In addition, it describes some of the most common types of accounting method exposure items that arise during the course of due diligence and some of the alternatives for mitigating exposure to the buyer. Furthermore, it describes the most significant anti-abuse rules that prevent taxpayers from unreasonably taking advantage of these provisions. Finally, it addresses some of the pitfalls that taxpayers should take into account in structuring transactions. In addition to updates of all rulings, cases and legislation, the 2010 edition contains a new chapter on Bankruptcy.

Chapter 1       Taxable and Tax-Free Acquisitions
Chapter 2       Basic Concepts in Deductibility and Capitalization
Chapter 3       Accounting for Restructuring Transactions under Code §351, 338, 381, 721, and 1001
Chapter 4       Treatment of Contingent Liabilities
Chapter 5       Treatment of Transaction Costs Prior to the Final Capitalization Regulations
Chapter 6       Final Capitalization Regulations
Chapter 7       Debt Modifications in Connection with Mergers and Acquisitions
Chapter 8       Original Issue Discount (OID) in Mergers and Acquisitions
Chapter 9       Amortization of Intangibles under Code §197
Chapter 10     Limitation on Loss Carrybacks — Corporate Equity Reduction Transactions
Chapter 11     Consolidated Return Tax Accounting Issues
Chapter 12     Tax Accounting Issues in Bankruptcies and Work-outs

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