Author: exechange
Cultural due diligence ties the knot in M&As
By Désirée-Jessica Pély and Henrik Cronqvist * (exechange) — August 1, 2020 — An intriguing observation about M&As is the frequency of corporate divorces: Over the past quarter of a century, 46% of M&As ended in “divorce.” Although unforeseen post-M&A industry changes play a role, cultural disparities between the merging entities are responsible for most…