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This first standard-siren measurement does not resolve the tension: the expansion rate it predicts falls somewhere in the middle of the range and, because it is based on just one merger event, has a large error bar.
A disagreement on the fate of one merger should not disrupt what has, in the past, been more of a cooperative relationship on regulation.
The rally was an especially strong endorsement of mergers because it was broad — all the big carriers' shares rose, on the assumption that one merger would lead to another.
This was one merger that didn't happen on the set of the classic workplace comedy.
Unhappy that the airline industry had already become more concentrated than it had been before deregulation, Kahn wrote, "That is why we have antitrust laws". He blamed the reconcentration of the air carriers on "the failure of the Department of Transportation to disallow even one merger of direct competitors". The media landscape isn't much different.
"There is a tactical advantage to having both cases go on at the same time," he said, adding that the case against one merger "poisons the other".
Similar(29)
Their salvation through destruction is camouflaged in expressions like "Efficiencies" and "Synergies" and "Workforce Reductions" and "Belt Tightening" and "Outsourcing" and "Consolidations" and a big one, "Mergers," where companies get larger and smaller at the same time.
And corporate profits have risen by more than share prices, so earnings multiples are also less frothy than last time.Tellingly, Goldman the number-one merger adviser every year since the last boom continues to see the business as "mission-critical", in Mr Dyal's words, even though it makes much more money these days trading securities.
And any potential follow-on merger, like one between United Airlines and Continental Airlines, would involve combining seniority lists.
The gravitational waves of three confirmed black hole mergers, and one tentative merger.
Five acute hospital mergers had one post-merger data point; two acute hospital mergers had four; one mental health hospital merger had one; another mental health hospital merger had three.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com