d promising products) ! A fast track to petitive advantages 2. The M&A Process (cont?d) Deal Execution ?Target acquisition/merger candidates ? Evaluate internal capabilit ies and consider appointing advisor(s) ? Valuate target and identify potential synergies ?Structure transaction ?Arrange for appropriate financing ? Due diligence process ? Integration planning (including key employee retention plan) Post-acquisition/Merger ? Rapidly execute integration and implement decisions ?Assign responsibilities to realize synergies ?Measure performance relative to initial objectives (not always quantitative by nature) 2. The M&A Process (cont?d) 3. Certain Pitfalls of M&A Most M&A transactions (60% to 80%) fail? But let?s put things into perspective? AOL Time Warner: The worst merger ever?
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