プレミアムが付かないケースは少ない(25%程度)が、 Deal が大きくなると、プレミアムは小さくなる傾向にある。
Buyer - Acquisition - Price - Premium
Travelers Group - Citicorp - $72.6Bil - +7.9%
SBC Communinations - Ameritech - $62.6Bil - +27.1%
Nationsbank - BankAmerica - $61.6Bil - 0.0%
Worldcom - MCI Communication - $41.9Bil - +65.2%
Daimler-Benz - Chrysler - $39.5Bil - +45.4%
American Home Products - Monsanto - $35.6Bil - +0.3%
Kohlberg Kravis Roberts - RJR Nabisco - $30.1Bil - +95.1%
Banc One - First Chicago - $29.6Bil - +26.5%
Bell Atlantic - Nynex - $21.3Bil - -5.0%
Walt Disney - Capital Cities/ABC - $18.8Bil - +27.3%
(980604 NYTimes)