The Business Lessons of the Belmont Stakes
Harvard Business Review
JUNE 8, 2012
For example, an executive considering whether to acquire a target company will gather facts about the industry and target company, consider how the combined companies will perform, and come up with a value that shows the deal is good for the acquirer. Since 1950, only 3 of 21 have managed the feat, and none have done so since 1978.
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