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Beyond a One-Size-Fits-All Explanation for Reacquisitions – A Cluster-based Analysis of Reacquisition Motives and Their Influence on the Involved Firms

Author

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  • Benjamin Dietz

    (Technische Universität Berlin)

  • Dodo zu Knyphausen-Aufseß

    (Technische Universität Berlin)

Abstract

A reacquisition is an interesting case in mergers and acquisitions (M&A) research, because it may constitute the second of two contradictory events, the first being the initial divestiture. The current understanding of reacquisitions is limited, even though research has shown them to be relevant. This study examines 14 cases of reacquisitions to determine their motivations and their influence on the firms involved. We identify four different clusters of reacquisitions, each with different motivations and implications for the participating firms, indicating the importance of fine-grained analyses when evaluating these events. This study contributes to research on reacquisitions, the interrelation between transactions, and corporate venturing.

Suggested Citation

  • Benjamin Dietz & Dodo zu Knyphausen-Aufseß, 2017. "Beyond a One-Size-Fits-All Explanation for Reacquisitions – A Cluster-based Analysis of Reacquisition Motives and Their Influence on the Involved Firms," Schmalenbach Business Review, Springer;Schmalenbach-Gesellschaft, vol. 18(1), pages 1-28, February.
    • Handle: RePEc:spr:schmbr:v:18:y:2017:i:1:d:10.1007_s41464-016-0023-6
    DOI: 10.1007/s41464-016-0023-6
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    References listed on IDEAS

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    More about this item

    Keywords

    Reacquisitions; Mergers and acquisitions; Divestiture; Template analysis; Corporate venturing;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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