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Mergers and Acquisitions to Establish Corporate Controls (on the Example of the USA)
Shuba O. А., Korzhavykh O. K.

Shuba, Olena А., and Korzhavykh, Oleksandra K. (2019) “Mergers and Acquisitions to Establish Corporate Controls (on the Example of the USA).” Business Inform 8:20–25.
https://doi.org/10.32983/2222-4459-2019-8-20-25

Section: Foreign Experience

Article is written in Ukrainian
Downloads/views: 6

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UDC 330.342

Abstract:
The article is aimed at exploring the additional sources for expansion of activities of companies, among which the most popular in the current conditions of the world economy is mergers and acquisitions (M&A). The retrospective and the current status of mergers and acquisitions in the U.S. corporate sector, with the appropriate establishment of corporate controls over companies. are analyzed. It is defined that researchers in the USA distinguish a kind of «waves» of mergers and acquisitions, the average frequency of which varies from 10 to 20 years. These «waves» have their own peculiarities. The most common ways of gaining corporate controls are considered, including direct acquisition of shares, tender offer and methods that are not related to changes in shareholders («struggle for power of attorney» or «buying votes»). It is concluded that during the research period (from 2000 to 2018) the largest number of mergers and acquisitions were recorded in the high-tech, medical, energy sectors and financial sphere. In the future, these dealings will be used by U.S. companies as an external source of growth.

Keywords: mergers and acquisitions, corporate control, tender offer, direct acquisition of shares, outsider and insider systems, corporate governance.

Fig.: 3. Bibl.: 16.

Shuba Olena А. – Candidate of Sciences (Geography), Associate Professor, Associate Professor, Department of International Economics and World Economy, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Korzhavykh Oleksandra K. – Student, Faculty of Economics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)

List of references in article

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