Aswath Damodaran: The Seven Sins Of Mergers And Acquisitions

History is littered with mergers and acquisitions that have not lived up to the lofty expectations of managers, shareholders, and the business’ customers. Q1 hedge fund letters, conference, scoops etc Some of the biggest deals of all time, such as the $111 billion AOL TimeWarner merger, have only produced losses for shareholders. According to Professor of Finance at the Stern School of Business at New York University, Aswath Damodaran, his research shows firms that grow through acquisitions have generally had far more trouble creating value than firms that grow through internal investments. The seven sins of acquisitions Professor Damodaran’s research…