Merger between Boeinga and McDonnell - a marriage made in heaven?

Bhat, Sangeetha (2012) Merger between Boeinga and McDonnell - a marriage made in heaven? [Dissertation (University of Nottingham only)] (Unpublished)

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Growing the business inorganically is a very attractive option for a lot of companies. The trouble is mergers and acquisitions (M&A) are not jump starters or quick fix solutions in most cases. In 2011 alone there were M&A transactions that were in the range of USD $2.18 trillion (merger market, 2011)

Looking at the sheer size of M&A deals one wonders if it is as attractive at all in reality? Based on significant M&A analysis over the last 40 years it is estimated that about 45-82% of the M&A transactions fail. ((cf. Kitching, 1967; Jensen & Ruback, 1983; Hunt, 1990; Jarrell & Poulsen, 1994; Mueller, 2003). So the obvious question is why some of the M&A deals succeed? There has not been much research around identifying the causes and failures of these big M&A deals. The biggest issue with merger transactions is the case of integration issues apart from identifying the right targets at the right price. (Christensen et al, 2011)

This paper aims to look at one of the game changing acquisitions in the A&D industry history – Merger between Boeing and Mc Donnell Douglas. A marriage between a largely civilian company with a defence firm. Did this merger successful in achieve transformational growth or was it more of an alliance fixed by the US government in a political move to preserve the dominance of the US players in defence industry on the wave of consolidation.

Item Type: Dissertation (University of Nottingham only)
Depositing User: EP, Services
Date Deposited: 08 Jan 2013 09:19
Last Modified: 19 Oct 2017 13:04

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