German Mergers & Acquisitions in the USA

Bernd Wübben analyzes the success of 87 German mergers and acquisitions in the USA during the period from 1990 to 2004. Employing a study of the capital markets' reaction and a survey of acquirers' executives, he shows that US transactions on average enhanced value for German companies and their shareholders. The author integrates the findings of both methodologies to identify the determinants of transaction success, including characteristics of the German acquiring and the US target companies as well as of the acquisition structure and management.



Dr. Bernd Wübben promovierte bei Prof. Dr. Dirk Schiereck am Institute for Mergers & Acquisitions der Universität Witten/Herdecke. Er ist Senior Manager in der German Practice der KPMG Deutsche Treuhand-Gesellschaft in New York.

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