
Mergers and acquisitions
Mergers and acquisitions (M&As) have become a familiar
feature of the current business landscape. However, it is well
known that a large proportion of mergers and acquisitions –
maybe as much as 30 per cent – do not achieve their objectives,
in terms of growth in earnings, perceived operational syner-
gies, new product development, management stability and
share price performance. Unanticipated stumbling blocks can
appear halfway through the process, taking everyone by sur-
prise.
The key objective of any due diligence process is the need to
reduce the likelihood that hidden surprises, with a material
impact on the value of the ...