The Synergy Trap

Mark L. Sirower’s thought-provoking and complex book is actually a critically acclaimed academic study that challenges the reasoning behind corporate acquisitions. Pointing out that acquisitions usually devalue the acquiring companies (a loss from which they rarely recover), Sirower delves into management fundamentals and mathematical analyses to get to the bottom of merger and acquisition problems. Three detailed appendices feature plenty of financial calculations, performance measures and data from various corporate acquisitions to back up his assertions. getabstract.com recommends this book to those involved in mergers and acquisitions and to other readers intrigued by the inside view of this "carnivorous quest."