Merger and Acquisition Strategies
Show Less

Merger and Acquisition Strategies

How to Create Value

Angelo Dringoli

The decision to carry out a merger or acquisition is certainly a risky one, not least because of the number of variables influencing the final outcome. It is also a decision frequently based on the wrong objectives and an incorrect evaluation process. With this in mind, this important new book offers solutions for reducing the high percentage of mergers and acquisitions (M & As) that fail. It adopts a normative approach, using theoretical analysis to show what managers could and should do to increase shareholders’ value through successful M & A strategies. It also explores the conditions that are suitable for favouring a certain type of M & A (horizontal, vertical or diversified) over the others. In conclusion, the book presents case studies of successful M & A strategies providing a link between theory and practice.
Buy Book in Print
Show Summary Details
You do not have access to this content

Chapter 9: Organizational structures and procedures for implementing merger

Angelo Dringoli


For synergies to be effectively produced, appropriate changes have to be carried out in organizational structures of firms involved in M & As. The focus of this chapter is on the choice of the organizational structure and procedures that allow the combined firm to obtain the desidered outcomes, according to different types of M & As. The fundamental choice to be made regards the level of integration and autonomy of companies involved in the merger. The level of integration indicates the degree to which functional activities are integrated across the merger firm, as part of then implementation of the acquisition. The level of autonomy measures the extent to which the acquirer delegates or defers to the target firm managers decisions to be made within target functional activities.

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.