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From https://www.cbsnews.com/news/why-mergers-fail/

One KPMG study found that 83 percent of these deals hadn't boosted shareholder returns, while a separate study by A.T. Kearney concluded that total returns on M&A were negative.




There's a presumption that companies engaged in M&A would have been executing as well as historically.

Basically - it's an unscientific opinion


Well that could go either way couldn't it.




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