Mergers and Acquisitions

1 Introduction: The Importance for Managers to Understand Mergers and AcquisitionsPart One Overview 2 The Merger Phenomenon The Recent Growth in Merger and Acquisition Activity The Merger Climate Merger Motives 3 The Impact of Mergers and Acquisitions on Organizational Performance Assessing Merger Gains Traditional Approaches to Merger and Merger Failure The Inadequacies of the Rational-Economic Model 4 The Merger Process - What Happens to People Transactional Differences Between Mergers and Acquisitions Absolute Truths About Mergers and AcquisitionsPart Two The Effect of Organizational Culture 5 Organizational Culture and its Assessment The Origins of Organizational Culture What Exactly is Organizational Culture? Organizational Culture and the Individual Types of Organizational Culture How to Assess Organizational Culture 6 The Implications of Cultural Type for Inter-Organizational Combinations Cultural Compatibility The Relationship Between Culture Types The Cultural Dynamics of Organizational Combinations Applying the Cultural Dynamics Model to Traditional Marriages Applying the Cultural Dynamics Model to Collaborative Marriages The Basic Ingredients for a Successful Organizational MarriagePart Three Stages of Merger and Acquisition 7 The Pre-Combination or Courtship Stage Information-Gathering Style of Negotiations Personnel Functions Clarifying Marriage Contract Re-Examining M & A Decisions 8 The Legal Announcement of Marriage Matters of Style and Content 9 The Honeymoon Period - Making the Marriage Work Changing the Cultures Dealing with Other Aspects and Employee Concerns Job Security 10 Establishing Marital Allegiance - Monitoring the Success of the Marriage Continuing to Keep in Touch Recognizing the Warning Signs A Successful Acquisition Integration Programme The Way ForwardAppendix 1 Case Study 1: The Fast Car AcquisitionsAppendix 2 Case Study 2: The Acquisition of Fill-It PackagingAppendix 3 Case Study 3: The Age-Nouvelle MergerAppendix 4 Case Study 4: The Gable-Apex MergerIndex