Exam 2: History of Mergers

Investment bankers played a prominent role in the first merger wave.

Which of the following factors contributed to the end of the third merger wave?

Mitchell and Mulherin, in investigating the deals of the fourth merger wave found that deregulation played a prominent role but that not all industries respond to deregulation the same way with some reacting more quickly than others.

Which of the following types of deals were common in the third merger wave?

The first merger wave was significantly curtailed by the Sherman Antitrust Act.

LBOs became increasingly popular during the fourth merger wave.

Which of the following companies can trace their origins to the first merger wave?

Investment bankers played a pivotal role in leading many of the deals that took place in the fourth merger wave.

Which of the following types of deals were common in the first merger wave?

The Inco-ESB deal was the first hostile takeover in the United States.

In the 2000s, which of the following regions/nations exhibited a pattern of heightened M&A volume although the total level varied by the size of the economy?

The pattern of acquisitions by Mittal is consistent with:

Which of the following merger waves were truly global?

Research has shown that the following factors contribute to the origination of merger waves:

Antitakeover defense became increasingly sophisticated during the following merger waves:

Moeller, Schlingemann, and Stulz showed that the deals of the fifth merger wave destroyed significantly more value than those of the fourth merger wave.

Which of the following factors contributed to the end of the fifth merger wave?

Roll-ups were not common in the 1990s but became more popular in the 2000s.

The 1940s were a period of intense M&A activity.

The United Technologies takeover of Otis Elevator is an example of a failed merger.