Cass Business School
Acquirers Again Underperformed the Broader Market in 2019
Dealmakers' share-price performance trailed the MSCI World Index by five points, and deal volume sank as tensions left companies in wait-and-see mode.
M&A Market Guts Shareholder Value in Second Quarter
Shares of deal-making companies worldwide underperform MSCI stock indices for a record seventh consecutive quarter.
The Link Between Divestitures and Share-Price Malaise
An extensive study counterintuitively reveals that a majority of divestitures are accompanied by lagging stock performance for the divesting firm.
M&A Didn’t Add Value in 2018. How About 2019?
While acquiring companies have underperformed stock indexes for the past two years, the outlook for M&A may be brightening.
Failed M&A Deals Continue to Increase
Massive study of M&A transactions over 25 years generates insights on why announced deals fail to close.