In a number of posts (here, here, and here, for example), we have discussed the challenges of firms' diversifying through mergers and acquisitions.
Business Week profiles Tyco International, "a complex tangle of businesses . . . thrown together," and the struggles of its management team to make sense of how the disparate parts all fit together. The article also includes a description of a paper available on the Social Science Research Network that summarizes a roundtable discussion of finance academics on how they teach the topic of the diversification discount to MBA students.
No comments:
Post a Comment