Few actions can transform a company's value and competitive future as dramatically as an acquisition. However, many companies fail to generate shareholder value from these deals, and some even destroy it. This resource aims to change how companies approach their M&A strategies to fulfill performance promises to shareholders. Beginning with a solid foundation on the economics of M&A performance issues, the authors guide acquirers in developing and executing an effective end-to-end M&A strategy that avoids common pitfalls and fosters long-term shareholder value. Key topics include creating an M&A strategy and deal pipeline, testing investment theses, determining appropriate premiums, planning for Announcement Day, and effectively communicating performance promises to stakeholders. The book also addresses realizing synergies through integration planning, building a combined organization, anticipating board questions, and sustaining long-term value. Sirower and Weirens provide essential background for those considering M&A, outlining critical issues, analysis methods, and execution strategies. For those already engaged in M&A, the insights offered can enhance the chances of success. This powerful resource blends art and science to help acquirers navigate the complexities of mergers and acquisitions effectively.
