91% Of Mergers Fail Due To Culture Shock.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-26 March 2007-Hay Group: 91 Of Mergers Fail Due To Culture Shock(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:26032007 More than 90 of corporate mergers and acquisitions are falling short of their objectives, as companies struggle to combine corporate cultures and structures, according to the results of a major new study from global management consultancy Hay Group.

The study of senior business leaders with M&A experience, launched today, reveals that just 9 of mergers are considered "completely successful" in achieving their stated objectives. This plummets to an alarming 3 of mergers and acquisitions by UK companies. The findings are contained in the forthcoming Hay Group report: Dangerous Liaisons: Mergers and Acquisitions - The Integration...