Synergy Premium in Mergers and Acquisitions of Steel Comp...
Mukherjee, Shibashish
Global Steel Industry has been consolidating at a fast pace during the past decade as the industry is very fragmented. Several high value mergers and acquisitions have attracted coverage from the international media over the years during the transaction due to the economic, social and political importance of the industry. During a hostile takeover or bidding war Steel companies tend to pay significantly high synergy premium for the expected sy...