Deals from Hell: M&A Lessons that Rise Above the Ashes

Acknowledgments.

1. Introduction.

I. The Foundations of M&A Failure.

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

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 Central Railroads.

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

7. September 1989: The Acquisition of Columbia Pictures by Sony Corporation.

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

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.