a masters level dissertation which focused on value creation for acquirer in an acquisition in capital-intensive industries. The reason behind selecting capital-intensive industries is that they are known to improve the living standard of an economy in the long run. For the study, five acquisitions each in metals, chemicals and oil & gas in 2014 were analyzed. The reason behind selecting deals in 2014, was to get relevant data- both in the short and long run.
The results were similar across the three industries and a value-destruction was observed both in short and long run.