Staples and Office Depot: An Event-Probability Case Study

Investors in financial markets bet their dollars on whether a merger will raise or lower prices. Below, we apply an event-probability methodology to the proposed merger between Staples and Office Depot, which was challenged by the FTC and eventually withdrawn. In addition to a time-series regression...

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Published in:Review of industrial organization 2001-12, Vol.19 (4), p.467
Main Authors: Warren-Boulton, Frederick R, Dalkir, Serdar
Format: Article
Language:English
Subjects:
Abnormal returns
Acquisitions & mergers
Antitrust
Case studies
Economic theory
Effects
Office supplies
Regression analysis
Retail stores
Securities markets
Stock exchanges
Stock prices
Studies
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Dalkir, Serdar
description Investors in financial markets bet their dollars on whether a merger will raise or lower prices. Below, we apply an event-probability methodology to the proposed merger between Staples and Office Depot, which was challenged by the FTC and eventually withdrawn. In addition to a time-series regression, we also look at the effect of the merger in specific event windows. We find highly significant returns to the only rival firm in the relevant market. We estimate the price effect of the merger and find it highly consistent with independent estimates.m [PUBLICATION ABSTRACT] Antitrust, event study, horizontal merger, price effect, stock market, unilateral effects
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source EconLit s plnými texty; International Bibliography of the Social Sciences (IBSS); Business Source Ultimate【Trial: -2024/12/31】【Remote access available】; Social Science Premium Collection; ABI/INFORM Global; Politics Collection; Springer Nature; PAIS Index; JSTOR Archival Journals
subjects Abnormal returns
Acquisitions & mergers
Antitrust
Case studies
Economic theory
Effects
Office supplies
Regression analysis
Retail stores
Securities markets
Stock exchanges
Stock prices
Studies
title Staples and Office Depot: An Event-Probability Case Study
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