Deals from Hell: M&A Lessons that Rise Above the Ashes 地狱交易：并购教训

图书标准信息

• 作者 Robert F. Bruner（罗伯特·F·布鲁纳） 著
• 出版社 Wiley
• 出版时间 2009-04
• 版次 1
• ISBN 9780470452592
• 定价 198.50元
• 装帧 平装
• 开本 16开
• 纸张 胶版纸
• 页数 430页
• 正文语种 英语

【内容简介】

AdetailedlookattheworstM&Adealseverandthelessonslearnedfromthem

It'scommonknowledgethatabouthalfofallmergerandacquisition(M&A)transactionsdestroyvalueforthebuyer'sshareholders,andaboutthree-quartersfallshortoftheexpectationsprevailingatthetimethedealisannounced.InDealsfromHell,RobertBruner,oneoftheforemostthinkersandeducatorsinthisfield,uncoverstherealreasonsforthesemishapsbytakingacloserlookattwelvespecificinstancesofM&Afailure.Throughthesereal-worldexamples,heshowsreaderswhatwentwrongandwhy,andconvertstheseexamplesintocautionarytalesforexecutiveswhoneedtoknowhowtheycansuccessfullynavigatetheirownM&Adeals.Thesepage-turningbusinessnarrativesinM&Afailureprovidemuch-neededguidanceinthisareaofbusiness.ByaddressingthekeyfactorstoM&Asuccessandfailure,thiscomprehensiveguideillustratesthebestwaystoanalyze,design,andimplementM&Adeals.Filledwithin-depthinsights,expertadvice,andvaluablelessonsgleanedfromotherM&Atransactions,DealsfromHellhelpsreadersavoidthecommonpitfallsassociatedwiththisfieldandpresentsthemwithaclearframeworkforthinkingabouthowtomakeanyM&Atransactionasuccess.

【作者简介】

RobertF.BruneristheDeanoftheDardenGraduateSchoolofBusinessAdministrationandCharlesC.AbbottProfessorofBusinessAdministrationattheUniversityofVirginia.Heistheauthororcoauthorofmorethan400casestudiesandnotes,aswellastheauthoroftwootherWileytitles,AppliedMergersandAcquisitionsandThePanicof1907.BrunerhasservedasaconsultanttoovertwentycorporationsandtheU.S.government,andpriortohisacademiccareerworkedasacommercialbankerandventurecapitalist.HeholdsaBAfromYaleUniversity,andanMBAandDBAfromHarvardUniversity.

【目录】

Foreword by Arthur Levitt, Jr.

Acknowledgments.

1. Introduction.

I. The Foundations of M&A Failure.

2. Where M&A Pays and Where It Strays:A Survey ofResearch.

3. Profiling the Outlying M&A Deals.

4. Real Disasters and M&A Failure.

II. Case Studies of M&A Failure.

5. February 1968: Merger of the Pennsylvania and New York CentralRailroads.

6. December 1986: The Leveraged Buyout of Revco Drug Stores.

7. September 1989: The Acquisition of Columbia Pictures by SonyCorporation.

8. September 1991: The Acquisition of NCR Corporation by AT&TCorporation.

9. December 1993: Renault’s Proposed Merger with Volvo.

10. December 1994: The Acquisition of Snapple by Quaker Oats.

11. May 1999: Mattel’s Acquisition of The Learning Company.

12. January 2001: Merger of AOL and Time Warner.

13. December 2001: Dynegy’s Proposed Merger with Enron.

14. January 2002: Acquisition Program of Tyco International.

III. Avoiding the Deal from Hell.

15. Conclusions and Implications.

16. Memo to the CEO:A Coda on Growth.

References.

About the Author.

Index.