Success in Mergers and Acquisitions Guide -- The Economist Series

Author: (English) Devan / Han Song
Publisher:
Publish Date: 2004-08-01
Features: Over the past 10 years, many companies have risen and fallen, with top executives experiencing ups and downs, and some industries have also seen cycles of boom and decline. What stands out during this period is the emergence of mergers and acquisitions. In 2000, the total value of global mergers and acquisitions reached an astonishing $1.4 trillion, but more than half of these business unions did not end well. What caused once-friendly industry giants to eventually part ways and even suffer a setback as a result? This book cleverly compares the process of mergers and acquisitions to a nuclear reaction, providing a detailed introduction to the steps and procedures of M&A transactions. Through an analysis of several notable M&A deals in the industry, it emphasizes that the acquisition philosophy focused on finance and strategy overlooks "soft" factors such as human resource compatibility and corporate culture, leading to excessively high transaction costs and causing the post-acquisition company to fail to adapt, unable to establish core competitiveness. In this book, insiders from industry giants such as Citibank, Accenture, Ogilvy & Mather, and Lincoln Life will share their personal experiences and insights, discussing the challenges and successes of mergers and acquisitions with readers.