Figure 2.
The decision tree begins with Node 0, where deal type divides into Acquisition of 100 per cent, 57.6 per cent, 1915, Acquisition of 51 to 99 per cent, 17.1 per cent, 567, Acquisition of 1 to 50 per cent, reaching the 51 per cent, 13.8 per cent, 459, and Acquisition over existing 51 per cent, 11.5 per cent, 382, from a total of 3323 cases. The first split uses completed date, separating 2020 and 2021 from 2019, 2022, and 2023. Both branches divide by target size into very large, large, medium sized, small, and missing categories. For the 2020 and 2021 branch, the small company and missing branch divides further by acquirer size into very large companies, and small, large, medium sized, and missing companies. For the 2019, 2022, and 2023 branch, the medium sized company and small company branch divides further by acquirer size into very large companies, and small, large, medium sized, and missing companies. Each terminal node reports the percentage and count for the 4 acquisition categories together with the total observations for that branch.CHAID II of acquisitions in CE
Source: Authors’ own work