What are the likely gains from mergers? How can managers calculate their benefits and costs? How can target companies defend themselves against unwelcome bidders? Who gains and who loses in mergers? This book considers these questions
Rising earnings pressures, accelerating global competition, and increased consolidation are driving unprecedented levels of corporate collaboration through mergers, acquisitions, and strategic alliances.
When two businesses combine their activities, the combination may take the form of an acquisition (also called a takeover) or a merger (also called an amalgamation). The primary purpose of any combination should be to increase shareholder wealth, such an increase normally coming from the effects of synergy.