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Research note and communication mergers that last: A predictable pattern?
Author(s) -
Montgomery Cynthia A.,
Wilson Vicki A.
Publication year - 1986
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250070108
Subject(s) - mergers and acquisitions , context (archaeology) , business , accounting , finance , geography , archaeology
This paper examines the current ownership of 434 large acquisitions made by publicly traded U.S. firms between 1967 and 1969. It is found that the majority of these acquisitions are still held by the acquiring firms. Unrelated acquisitions were resold at a moderately higher, though not significantly different, rate than related acquisitions. These results are discussed in the context of the commonly held view that unrelated acquisitions of that period were poorly conceived additions.