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Strategic M&A’S: Stronger In Tough Times?, Carol M. Sanchez, Stephen R. Goldberg

Peer Reviewed Articles

Global acquisitions were worth $6.5 billion in the first quarter of 2008, were down 44% from the previous quarter, and down 41% from the first quarter of 2007.1 But the value of strategic M&As dropped less, only 33%, while the number of deals rose 8%, and cross-border deals represented 38% of the total value of global M&As. Kroll argues that strategic M&As, while likely to experience some drop in volume in 2008 and until the credit crisis bottoms out, will withstand the pressures of financial markets much better than financial M&As. Strategic M&As are deals conducted by companies that want …