Summary:
The book examines the pitfalls of mergers and acquisitions, highlighting how and why many fail to create the anticipated value or synergies. It provides an analysis of the financial and strategic challenges faced by companies in the Asia-Pacific region when attempting to integrate acquired firms.
Key points:
1. Synergy Trap: Sirower points out that companies often wrongly assume mergers will automatically create extra value. This overconfidence can lead to failed acquisitions and loss of shareholder value.
Books similar to "The Synergy Trap":
Joining Forces
Mitchell Lee Marks|Philip H. Mirvis
Billion Dollar Lessons
Paul B. Carroll|Chunka Mui
Mergers
Patrick A. Gaughan
The Complete Guide to Mergers and Acquisitions
Timothy J. Galpin
Go Tech, or Go Extinct
Paul Cuatrecasas
Operations Due Diligence
James F. Grebey
The Acquirer's Multiple
Tobias Carlisle
Competition Demystified
Bruce C. Greenwald|Judd Kahn
HBR Guide to Buying a Small Business
Richard S. Ruback|Royce Yudkoff
Getting Acquired
Andrew Gazdecki