Policy Uncertainty and Mergers and Acquisitions in China

This study examines the relationship between policy uncertainty and M&A. 5669 M&A deals over period 2000-2018 are used. The results show that there is no relationship between policy uncertainty and time to complete M&A deals. Acquirers are less likely to use stock only as payment method during policy uncertain period than other payment methods, at the same time, the acquirers are more likely to use cash only as payment method during policy uncertain period than other payment methods. In addition, making acquisition during policy uncertain period increase the shareholder’s wealth, and this effect is more pronounced for SOEs

Policy Uncertainty and Mergers and Acquisitions in China

This study examines the relationship between policy uncertainty and M&A. 5669 M&A deals over period 2000-2018 are used. The results show that there is no relationship between policy uncertainty and time to complete M&A deals. Acquirers are less likely to use stock only as payment method during policy uncertain period than other payment methods, at the same time, the acquirers are more likely to use cash only as payment method during policy uncertain period than other payment methods. In addition, making acquisition during policy uncertain period increase the shareholder’s wealth, and this effect is more pronounced for SOEs

Intact MDM2 E3 ligase activity is required for the cytosolic localization and function of β-arrestin2

Intact Mdm2 E3 ligase activity is critical for the cytosolic localization and function of β-arrestin2. Once Mdm2 loses its E3 ligase activity, Mdm2 and β-arrestin2 form a more stable complex that sequestrates β-arrestin2 in the nucleus and interferes with its normal functions