From Time (a part of Time Warner, formerly AOL Time Warner): "Blockbuster mergers tend to be duds for stockholders of the acquiring company [TP comment: Duh!]. In seven of the nine mergers valued at more than $50 billion, the acquirer's share price is down an average of 46% from pre-merger levels [TP comment: That's a lot!], according to FactSet Mergerstat, a research firm from Santa Monica." (As Time candidly points out, TW and AOL were the worst, wiping out 80% of shareholder value.)
BUT THIS TIME IT WILL BE DIFFERENT!
Before blogging became all the rage, Tom was posting book reviews and Observations (essentially early blog posts) to this site. You can find the archives below.
What we're talking about
on the front page.