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Rivals Surge When Competitors Merge

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COLUMBUS, Ohio -- It's likely that each time deep-pocketed Lucent Technologies, JDS Uniphase Corp. or Corning Inc. buys a supplier, other companies benefit. A new study explains why more than half of the business rivals of a company targeted for acquisition typically experience a jump in market value. Rival firms of takeover targets may see their stock climb as investors speculate on whether they -- perhaps with the same hot technology or a neat fit into a vertically integrated industry -- also are a merger target, said Ralph Walkling, professor of finance at Ohio State University's Fisher...Read full article

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    Published: March 2000
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