Intel, Avago Buck The Value-Destructive Trend

Two major tech mergers are pending right now, with Intel planning to acquire Altera and Avago snapping up Broadcom. Many companies that make major acquisitions end up destroying value for shareholders (and this very issue is a debate in the Intel – Altera deal), but in the case of Intel and Avago, a study indicates that it’s quite the opposite. Intel, Avago outperform peers in M&A Intralinks and Cass Business School recently completed a 20-year study of 265,000 mergers and acquisitions. The school listed both Intel and Avago as being among the top-performing U.S. companies in terms of creating shareholder…