Mergers: What Can Go Wrong and How to Prevent It (Google eBook)

Patrick A. Gaughan

John Wiley & Sons, May 20, 2005 - Business & Economics - 356 pages

A powerful guide for seeking out the best acquisition and merger targets
As increasingly more companies look to mergers and acquisitions (M&As) as a source of new growth and revenue, there is an even greater chance that these M&As will go bad. This insightful guide focuses on one of the most often debated and key issues in mergers and acquisitions-why some deals fail miserably and why others prosper. It provides a complete road map for what potential buyers should look for when picking a target and what characteristics of sellers they should steer clear of, as well as pitfalls to avoid during the M&A process. Real-world examples are provided of high-profile failures-Quaker Oats, United Airlines, Sears, and Mattel-and high-profile successes-General Electric and Cisco.
Patrick A. Gaughan (New York, NY) is President of Economatrix Research Associates and a professor of Economics and Finance at the College of Business, Fairleigh Dickinson University. He is actively engaged in the practice of business valuations for mergers and acquisitions, as well as other related applications.

Contents

• Chapter 1 Introduction to Mergers and Acquisitions: 1
• Chapter 2 Merger Strategy Why Do Firms Merge?: 41
• Chapter 3 Merger Success Research: 123
• Chapter 4 Valuation and Overpaying: 159
• Chapter 5 Corporate Governance Part of the Solution: 209
• Chapter 6 Reversing the Error SellOffs and Other Restructurings: 267
• Chapter 7 Joint Ventures and Strategic Alliances Alternatives to Mergers and Acquisitions: 317
• Index: 349

Popular passages

Page 8 - When securities are issued publicly, they must conform to federal and state regulations. State rules are referred to as blue sky laws. The major federal laws are the Securities Act of 1933 and the Securities Exchange Act of 1934. The 1934 act applies to existing security transactions, while the 1933 act deals with regulation of new security issues. The acts require full disclosure to investors concerning the company's affairs. Prior to the issuance of a new security, the company must prepare a prospectus...‎

About the author

PATRICK GAUGHAN, PhD, is President of Economatrix Research Associates, Inc., and Professor of Economics and Finance at the College of Business, Fairleigh Dickinson University. He performs business valuations for mergers and corporate restructurings, and serves as a consultant for several Fortune 500 companies. He has authored numerous articles and books, including Mergers, Acquisitions, and Corporate Restructurings (published by Wiley), which was named the Association of American Publishers Best Book of the Year in Accounting for 1996.

Bibliographic information

• Title: Mergers: What Can Go Wrong and How to Prevent It; Volume 4 of Wiley Finance
• Author: Patrick A. Gaughan
• Publisher: John Wiley & Sons, 2005
• ISBN: 0471727326, 9780471727323
• Length: 356 pages
• Subjects: Business & Economics / Mergers & Acquisitions