The Brave New World of M&A – How to Create Value from Mergers and Acquisitions
Despite the mounting competition for M&A and size of deals, it is still possible to create substantial value from transactions by following some systematic rules. This report, based on one of the largest studies of M&A (over 4,000 completed deals), explai
Content: Article, Related Content | Authors: Alexander Roos, Jeff Gell, Jens Kengelbach, Kees Cools | Source: Boston Consulting Group (BCG) | Subject: Mergers & Acquisitions
The Role of Alliances in Corporate Strategy
Alliances have become an increasingly important part of corporate strategy. They can be extremely useful in situations of high uncertainty and for growth opportunities that a company either cannot or does not want to pursue on its own. But the advantages of shared risk are often offset by unclear governance and lack of genuine commitment. This report distills lessons about alliance strategy and management drawn … [ Read more ]
Content: Article | Authors: Alexander Roos, Kees Cools | Source: Boston Consulting Group (BCG) | Subject: Strategy
4 Types of Alliances
Growing Through Acquisitions: The Successful Value Creation Record of Acquisitive Growth Strategies
Skepticism about the value-creating potential of mergers and acquisitions is unwarranted, according to this BCG study. The report analyzes the 1993-2002 stock-market performance of 705 public U.S. companies, based on their level of Merger & Acquisition (M&A) activity. The highly acquisitive companies in the sample had the highest median total shareholder return-more than a full percentage point per year greater than that of companies that … [ Read more ]
Content: Article | Authors: Chris Neenan, Kees Cools, Kermit King, Miki Tsusaka | Source: Boston Consulting Group (BCG)
Ebbers Rex
Like their counterparts in Greek tragedies, CEOs who defraud their companies’ shareholders fall victim to their own sense of invulnerability, according to BCG’s Kees Cools. Writing in the Manager’s Journal column of the Wall Street Journal, the BCG executive adviser details the findings of his study of 25 instances of major corporate fraud since 2000. Not surprisingly, the pressure to consistently achieve unrealistic share growth … [ Read more ]
Content: Article | Author: Kees Cools | Source: Wall Street Journal | Subject: Corporate Governance