M&A in the 21st Century and Its Implications
Author
Robert F. Bruner
Date
2006-07-20
Views
5525
R.Bruner_M&A_in_the_21st_Century_and_Its_Implications
M&A in the 21st Century and Its Implications
- Speaker: Robert F. Bruner, Dean of Darden Graduate School of Business Administration, Virginia University
- Date: July 20, 2006.
"The conventional wisdom about M&A is that is not comfortable; it's distrusted; it seems wasteful; and the big deals, especially, seem very bad. In my slide, I give you a quotation from one book that came out recently, and in the book authors wrote, "the sobering reality is that only about 20 percent of all mergers really succeed. Most mergers typically erode sharehold wealth. The cold, hard reality that most mergers fail to achieve any real financial returns... very high rate of merger failure... rampant merger failure..." Ladies and Gentlemen, I am here to tell you that that is wrong..."
M&A in the 21st Century and Its Implications
- Speaker: Robert F. Bruner, Dean of Darden Graduate School of Business Administration, Virginia University
- Date: July 20, 2006.
"The conventional wisdom about M&A is that is not comfortable; it's distrusted; it seems wasteful; and the big deals, especially, seem very bad. In my slide, I give you a quotation from one book that came out recently, and in the book authors wrote, "the sobering reality is that only about 20 percent of all mergers really succeed. Most mergers typically erode sharehold wealth. The cold, hard reality that most mergers fail to achieve any real financial returns... very high rate of merger failure... rampant merger failure..." Ladies and Gentlemen, I am here to tell you that that is wrong..."
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