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Making Mergers and Acquisitions Work

From Strategy and Target Selection to Post Merger Integration

Format: Hardback
Publisher: Emerald Publishing Limited, Bingley, United Kingdom
Published: 21st Jun 2018
Dimensions: w 152mm h 225mm d 20mm
Weight: 540g
ISBN-10: 1787433501
ISBN-13: 9781787433502
Barcode No: 9781787433502
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Synopsis
For many industries, mergers and acquisitions have become the main pathway for reaching strategic objectives like growth, technological leadership, or efficiency in production and distribution. However, the success rate of most M&A deals is low - and flawed. Unrealistic synergies, wrong target selection, culture clashes and, most of all, weak post-merger integration processes pose huge challenges, and this book addresses the salient question of how to make M&A deals work. The authors offer readers unique access to each stage of the M&A process, with added depth and perspective provided by Prysmian - the global leader in energy and telecom cables. Prysmian's perspective enables the authors to deliver a manual for successful M&A in mature industries that require high levels of integration between operating companies. This collection of existing M&A experiences that identify clear action steps will be an essential tool for managers to develop their growth strategies and accelerate their post-merger integration processes. This guide will also prove useful for practitioners and academics as they seek to improve the ability of firms to conduct M&A, through dissemination in academic and executive classrooms.

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Two professors at Bocconi University and an employee of Prysmian describe the world's largest cable manufacturer's experiences acquiring smaller companies and their success integrating the companies into the larger corporate strategy and culture. Their merger and acquisition process model helps corporations define a value-generating strategy, screen candidates, conduct negotiations, close the deal, and support post-merger integration. Examples of other companies' acquisition attempts illustrate lessons learned about target selection, due diligence, and merger implementation. -- Annotation (c)2018 * (protoview.com) *