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Research & Data Services for HBS Faculty & Doctoral Students | Baker Library

Data Wrangling Information Support for Research Literature & Article Searches Data Licensing & Acquisitions Purchase Requests & (HOLLIS) Book Delivery Other Research Services for HBS Faculty Contact for HBS faculty, research staff, and... View Details

24 Apr 2014
News

A wild ride from adventure travel to social media marketing

which provides a SaaS platform for marketers to manage their presence on social networks, is a division of Google, and is among the largest acquisitions ever made by the Internet giant. Wildfire now has over 25,000 paying customers who... View Details

June 2016
Case

Suominen Wipes the Slate Clean

By: Boris Groysberg, Kalle Heikkinen and Michael Norris

In 2016, after successfully turning around Finnish nonwovens manufacturer Suominen, CEO Nina Kopola faces a decision on the company’s strategy moving forward. View Details

Keywords: Nonwovens; Female Protagonist; Turnaround; Strategy; Mergers and Acquisitions; Pulp and Paper Industry; Medical Devices and Supplies Industry; Manufacturing Industry; Industrial Products Industry; Consumer Products Industry; Europe; United States; Finland

November 2000
Article

A Buy-Side Model of M&A Lockups: Theory and Evidence

By: Guhan Subramanian and John C. Coates

Keywords: Theory; Mergers and Acquisitions

22 Jul 2005
Keynote Speech

Mergers and Acquisitions: Constructive or Destructive Force of Change?

By: W. Carl Kester

Keywords: Mergers and Acquisitions; Change

September 2000
Case

MCI-WorldCom Combination, The (B)

By: Paul M. Healy and Jacob Cohen

Supplements the (A) case. View Details

Keywords: Mergers and Acquisitions; Accounting; Telecommunications Industry

01 Oct 2002
News

A Change of Life

firm's tutoring company, Score, a $2 million acquisition in 1996, into a $50 million operation in five years, the Times reported (July 14, 2001). In so doing, he caught the eye of an executive search firm that tried to interest him in... View Details

December 1996 (Revised July 1997)
Case

USG Corporation

By: Benjamin C. Esty and Tara L. Nells

In 1988, USG was the world's largest gypsum producer and one of the world's largest building-products companies. On May 2, 1988, USG's board of directors announced a proposed leveraged recapitalization plan to thwart a hostile cash tender offer by Desert Partners. With... View Details

Keywords: Capital Structure; Mergers and Acquisitions; Corporate Governance; Valuation; Cash Flow; Leveraged Buyouts; Restructuring; United States

January 1998
Case

From Wall Street to Main Street: Morgan Stanley, Dean Witter, Discover & Co.

By: James K. Sebenius and David T. Kotchen

Designed as a follow-up to Morgan Stanley and S.G. Warburg: Investment Bank of the Future (A). View Details

Keywords: Negotiation; Valuation; Investment Banking; Mergers and Acquisitions; Banking Industry; Financial Services Industry

14 Jan 2021
Working Paper Summaries

Dog Eat Dog: Measuring Network Effects Using a Digital Platform Merger

Keywords: by Chiara Farronato, Jessica Fong, and Andrey Fradkin

05 Jun 2019
Research & Ideas

If Your Customers Don't Care What You Charge, What Should You Charge?

An estimated 60 percent of retail gasoline customers return to the same gas station to refuel, without comparison shopping, according to a recent study. Driven by factors such as habit, brand loyalty, switching costs, and search (which often leaves consumers unaware of... View Details

Keywords: by Kristen Senz; Energy

October 2011
Case

CNBM: Rolling Up China's Cement Industry

By: Joseph L. Bower and G.A. Donovan

The Chinese government has charged Song Zhiping with the job of rationalizing China's cement industry. He has acquired 200 plus companies, but the industry is still fractured. Can he succeed? View Details

Keywords: Industry Growth; Mergers and Acquisitions; Policy; Government and Politics; Construction Industry; Industrial Products Industry; China

June 2008
Article

The Market for Mergers and the Boundaries of the Firm

By: Matthew Rhodes-Kropf and David Robinson

We relate the property rights theory of the firm to empirical regularities in the market for mergers and acquisitions. We first show that high market-to-book acquirers typically do not purchase low market-to-book targets. Instead, mergers pair together firms with... View Details

Keywords: Mergers and Acquisitions; Assets; Investment; Property; Mathematical Methods; Boundaries

February 1999
Case

PDVSA & Citgo (B): Fully Integrated?

By: Ashish Nanda

Concerned that Citgo investments are not yielding sufficient returns, PDVSA constrains Citgo management's autonomy, leading to Citgo senior management turnover. The case closes with Citgo's new CEO reflecting on what he needs to do to align Citgo's strategy and... View Details

Keywords: Business Subsidiaries; Mergers and Acquisitions; Alignment; Energy Sources; Energy Industry

29 Oct 2019
News

Is This Disney’s Next CEO?

the company should focus on franchises. “After that, Mayer began working on acquisition candidates, including comic-book publisher Marvel and Lucasfilm, the home of ‘Star Wars’,” the article notes, also mentioning Iger’s previous $7.4... View Details

29 Mar 2017
News

Randy Day Named Perdue Farms CEO

was seen by some in the agribusiness sector as a safe move for the innovative company, writes DelmarvaNow. But Day was quick to counter that perception, telling the news outlet that “he will be just as willing as Perdue has always been to bet on new technology,... View Details

24 Apr 2014
News

Navigating rough waters

bank through the financial crisis of 2008, including its rescue of Bear Stearns and acquisition of Washington Mutual. "Our aim is to be the world's most trusted and respected financial services institution," says Dimon, whose management... View Details

August 2017
Case

Turkish Economy Bank and Fortis Bank: Managing a Complex Merger

By: Stuart C. Gilson, Esel Çekin and Sarah L. Abbott

Following the announcement of the merger of the Turkish Economic Bank (TEB) and Fortis Bank AS, Varol Civil, TEB's CEO, is faced with the task of executing the merger of these two entities. First, all parties must agree to the economic terms of this merger; a process... View Details

Keywords: M＆A; Turkey; Banking; Restructuring; Financial Institutions; Change Management; Mergers and Acquisitions; Banking Industry; Turkey

December 2014
Article

The Real Product Market Impact of Mergers

By: Albert Sheen

I document sources of value creation in mergers by analyzing novel data on the quality and price of goods sold by merging firms. When two competitors in a product market merge, their products converge in quality, and prices fall relative to the competition. These... View Details

Keywords: Value Creation; Quality; Price; Goods and Commodities; Mergers and Acquisitions