MERGERS AND ACQUISITIONS
Summary
Joining forces to form a group.Key Concepts
- Mergers involve two companies coming together as equals. In practice, they are almost always acquisitions, where one business buys the other.
- Successive mergers to form group companies are common. If key people are to stick together through so much change, total honesty about what they have in common and where their differences lie is essential.
- People issues will either make or break a merger/acquisition.
- More than half of all mergers and acquisitions fail to realise the benefits predicted.
