Geoff Meeks, Emeritus Professor of Financial Accounting at Cambridge Judge Business School, and J Gay Meeks, Senior Research Associate at the University of Cambridge Centre of Development Studies, write about mergers and acquisitions.
It’s an often-quoted statistic that roughly 70 per cent of mergers fail. Yet despite the weight of evidence, vast and ever-increasing sums are spent on mergers and acquisitions — around $5tn globally in 2021 — and on some measures the number of deals has seen a forty-fold increase in forty years, the article says. (subs)
Read the full article [ft.com]