American airlines’ takeover of TWA: an ex-post analysis of financial market information

American airlines’ takeover of TWA: an ex-post analysis of financial market information

Journal: Air Transport Management

Author: Triant Flourisa, Steve Swidler

Published: 2004

Abstract

This paper examines the stock market’s reaction to the announcement of American Airlines’ takeover of Trans World Airlines, and then analyzes subsequent price movement through the completion of the merger. A second part of the analysis looks at American Airlines’ stock performance following the events of September 11, 2001. Given the dramatic changes to the airline industry after this national tragedy, it is possible that September 11th had further implications for the economic gains of the merger. As part of this analysis, we compare American’s performance to Delta Airlines, a carrier similar in scope and size.

Keywords: Mergers, Economic performance, Financial analysis, American airlines, TWA

 براي دريافت نسخه کامل مقاله فوق، فرم زير را تکميل نماييد: