Mergers and Acquisitions in the Global Brewing Industry

Written as the author's doctoral thesis in corporate finance at the Technische U. Darmstadt, Germany, this volume investigates the capital market effects of mergers and acquisitions (M&A) for managers of brewing companies, investors, and financial researchers. The research is conducted through three studies examining: short-term wealth effects of horizontal M&A transactions and whether the global synergy and efficiency potential of the sector are reflected by the capital markets in the form of abnormal stock price reactions to acquiring and to close rival companies; the long-term shareholder wealth effects of horizontal M&A on acquirers and rivals; and whether M&A strategies employed by brewing companies are reflected by capital markets in the form of abnormal risk shifts to acquiring brewers and rival companies. Annotation c2013 Book News, Inc., Portland, OR (booknews.com)

Ramit Mehta studied Business Administration and Business Law at the European Business School in Oestrich-Winkel and the New York University School of Law. After working for two years in the field of mergers and acquisitions with a leading global financial services company, he pursued his PhD in Corporate Finance at the Technische Universitat Darmstadt.