ABSTRACT
Since the late 1970s Corporate America has witnessed a rapid growth in the number of corporate mergers and acquisitions. The Tax Reform Act of 1986, and the sharp stock market plunge of 1987, resulted in a renewed and a more energetic interest in merger activities. Recent hostile interests in companies previously thought too big to be taken over, such as RJR/Nabisco, Kraft and Pillsbury, have spawned new interest in studying mergers and acquisitions.
