Mergers and Acquisitions
A Guide through the Process
by
Book Cover & Preview Text
Mergers and acquisitions tend to move through waves with their popularity following the general condition and outlook of the economy. Interest rates and stock prices both contribute to the number of transactions that may take place in a given year as companies are generally concerned with their cost of funding these deals. Other considerations that may impact the volume would be the level of regulation limiting the options of firms that may want to grow through this strategy. For example, prior to the 1990’s, banks were fairly limited in their ability to cross state lines, let alone offer non-traditional bank products. But as legislation was passed lifting transaction restrictions, commercial banks leapt across state boarders purchasing market share in geographical areas that would have been previously inconceivable.
Formats
Book Details
About the Book
The justification for mergers and acquisitions is a fairly easy one and seems to thrive within the American culture although it seems to be spreading across the globe. Simply put, bigger is always better. We see it in the cars we drive, the houses we live in, and the “super-sized” meals we eat. In the end, mergers typically fail to deliver what they were promised to the shareholders.
About the Author
Dr. Sullivan has over fifteen years of merger and acquisition experience participating in over 100 transactions. He holds a Ph.D. in Law and Public Policy from Northeastern University, a Master’s from Harvard University, an MBA from Northeastern University, and a BA in Economics from Regis University. In addition to holding a faculty position at Boston University teaching Mergers & Acquisitions and Advanced Corporate Finance, Mergers and Acquisitions law, he is a Principal at the consulting firm Genesis Capital Partners, LLC in Boston and has worked with Fortune 500 companies, as well as several small to middle market firms. An avid sailor, he lives with his family in Marblehead, Massachusetts.