Pia Rennert

Latest work

Central Banks May be Enabling Unhealthy Corporate Buyouts

04/22/2019 Mises Wire Pia Rennert Gunther Schnabl

German pharma giant Bayer’s acquisition of Monsanto is only one prominent case of leveraged buyouts (LBOs), which have been flourishing since the 1990s (see Figure). After Bayer has paid 66 billion...

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