Managing Complex Mergers

by Piero Morosini, Ulrich Steger

Everybody knows that most mergers and acquisitions regularly fail to deliver the promised benefits; in fact many actually destroy value. This is especially so where there are complex clashes of corporate or national culture to take into account.; And yet the potential prize of successful operation is great, so how do you make them work?; This book examines all the major elements of M&A activity to present an academically sound but pragmatic guide for senior managers involved in complex cross-cultural mergers.; Building on detailed studies of major mergers, including AstraZeneca, PwC, DaimlerChyrsler and Aventis, the authors set out the strategic and financial issues managers need to consider at the outset of a project, including the factors that can lead senior managers to massively overvaluing an acquisition target.; It also details where things most often go wrong and considers how to blend the human and social capital, where much of the potential value of a merger lies.

241 pages, Kindle Edition

First published January 1, 2004