Introduction to mergers and acquisitions, P.Gaughan; takeovers - their causes and consequences, M. Jensen; a guide to takeovers - theory, evidence and regulation, R. Romano; the hubris hypothesis of corporate takeovers, R. Roll; do bad bidders make good targets, Mitchell & Lehn; mergers in the market concentration doctrine, B.Espen Eckbo; operating performance in leveraged buyouts, T. Oplar; bondholder wealth effects on management buyouts, Cook et al; shareholder gains from leveraged cashouts, R. Klienman; leveraged buyouts - wealth created or wealth redistributed, Lehn & Poulson; leveraged ESOPs, wealth transfers and shareholder neutrality, Bruner & Brownie; setting the record straight on junk bonds, E. Altman; the decline in credit quality of junk bonds, B. Wigmore; employee stock ownership plans and corporate restructuring, Scholes & Wolfson; employee stock ownership plans and shareholder wealth, S. Chang; proxy contests and the governance of publicly held corporations, De Angeleo; shareholder activism and share values, J. Pound; equity carve outs, Schipper & Smith; divestiture - mistakes or learning, F. Weston; corporate mergers and security returns, Dennis & McConnell; the returns to acquiring firms in tender offers, Jarrell & Poulson; the market for corporate control, Jarrell, Brickley & Netter; the effects of antitakeover amendments on takeover activity, J. Pound; the information effects of takeover bids and resistance, J. Pound.