Choose three industries and identify a major merger in each. Analyze the rationale behind each merger, its impact on the industry, and any long$-$term effects observed. Compare and contrast these mergers in terms of their outcomes and strategic approaches.

What is the difference between a merger and a consolidation?

Create a hypothetical case where the portfolio effect of a merger leads to a higher valuation for the participating firms. Explain the factors contributing to this increased valuation, and discuss potential risks or challenges.

What is the difference between horizontal integration and vertical integration? How does antitrust policy affect the nature of mergers?

Analyze whether management tends to overestimate or underestimate the synergistic benefits of a merger. Conclude with a discussion on how to achieve a more realistic evaluation of synergistic benefits.

Propose a merger scenario where the primary goal is immediate appreciation in EPS. Discuss the exchange variables that would best achieve this and explore the potential long$-$term drawbacks of this approach.

The postmerger P$/$E ratio can move in a direction opposite to that of the immediate postmerger earnings per share. Explain why this could happen.

Examine how goodwill is currently treated in mergers. Compare this with historical approaches and discuss the implications of these changes on merger strategies and accounting practices.

Research and present different strategies companies have used to avoid hostile takeovers. Evaluate the effectiveness of these strategies and discuss any ethical or legal considerations involved.

Investigate the typical merger premium in a recent significant merger or acquisition. Analyze the effect of this premium on the market value of the merger candidates and discuss when the most significant market movements are likely to occur in relation to the announcement of the merger.