The Art of M&A Integration
When companies merge it is usually with the expectation that, in the end, the whole will be greater than the sum of its parts. Unfortunately as evidenced by the AOL Time Warner merger, one plus one all too often moves shareholder returns to the wrong size of zero. The reason for failed M&A transactions most commonly cited by the experts? Poor post-merger integration.
"How can we avoid losing key employees? Which financial statements may be consolidated following a merger or acquisition? How can we preserve brand identity during the integration process? What's the best way to merge management structures? What are the biggest challenges to IT integration? How can we retain loyal customers following a merger?"
Thoroughly updated and revised, The Art of M&A Integration, Second Edition, features up-to-the-minute coverage of a variety of topics that have taken center stage over the past several years, including:
- New GAAP and FASB accounting rules
- The latest strategies for merging IT systems and processes
- Merging compensation plans
- The effect of Sarbanes-Oxley and new SEC regulations
- How recent mega-mergers are rewriting the book on M&A integration
- Cross-border integration issues impacting multinational transactions