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Financial Times: Mergers destroy value. Without reform, nothing will change


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)

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