Mega-mergers: the aftermath of the Stock Market battle

Mega-mergers are on the increase and receive wide publicity, although half of them come to nothing ! The management methods of creating mega-mergers are well known but David Bouchoucha shows us how these erudite methods can fail in real-life. His investigation also reveals that mergers between equals in different confrontations consume much energy. On the other hand, when a victor emerges, integration seems more efficient providing that the victor behaves with magnanimity. Guy Chassang and Claude Bébéar, both familiar with mergers, complete the analysis of factors leading to successful mergers, by stressing, in particular, the preparation and negotiations necessary before the operation.