Material Adverse Change: Lessons From Failed M&As

No one has written about the true root causes of the recent large M&A failures and why the mergers that were supposed to save the companies and the economy did not work. Material Adverse Change not only shows the sequence of events that led to some M&A failures, but provides a detailed review of the root causes and personality traits that drove the outcomes. By looking at the true motivations behind the deals, we can learn a lot about what works and common pitfalls that need to be overcome.

• Provides an inside look on why recent, highly publicized deals were allowed to happen
• Explores the factors behind motivating CEOs to put their careers on the line to acquire
• Offers recent M&A case studies that took place during the Great Recession, including Bank of America's purchase of Merrill Lynch and Kraft's purchase of Cadbury

Large M&A transactions have become a much more important element to the state of the global economy. Material Adverse Change provides practical advice on how to avoid the mistakes made by others and then to apply the practices deployed to make successful deals.