Breaking Up Is Hard To Do

There are numerous examples of a company splitting into separate companies. Of course, splitting up may not always be the best option. For e...

McDonald's Acquires Dynamic Yield

Some companies, like Alphabet, which has acquired 220 companies since 2003, are serial acquirers. Other companies, like McDonald's, make...

M&A Dis-Synergies

So why don't all mergers and acquisitions work? Probably the main reason is that acquisitions are done based on assumptions about the fu...

Bond Ratings And Mergers

A recent article in Bloomberg highlights a potential threat to the bond market. Recent years have seen a number of high-priced acquisitions...

Papa John's Extra Cheese

Papa John's stock has been battered this year after comments made by founder John Schnatter on a conference call. Schnatter resigned as ...

And The Winner Loses

In a nod to the winner's curse, Comcast stock fell 8 percent today when it was announced that the company outbid rival Fox in the three...

Internal Controls And Acuisitions

It is widely known that a large percentage of acquisitions fail to deliver pre-aqcuisition promises, but new research indicates that there ...

Merger Math

Several big merger or acquisition announcements have been in the news recently. And, although we argue that the analysis of a potential merg...

AT&T Buys Time Warner

AT&T announced that it had agreed to purchase Time Warner for about $85 billion . Under the terms of the deal, Time Warner shareholders ...

You Can't Keep A Good Twinkie Down

In 2013, facing imminent bankruptcy, Hostess, the maker of the iconic Twinkie, was sold for $410 million. Since then, the company has been t...