Why large M&A deals destroy value

Companies undertaking transformational mergers and acquisitions tend to underperform their peers in all but a handful of sectors, according to McKinsey research

Companies undertaking transformational mergers and acquisitions tend to underperform their peers in all but a handful of sectors, with large deals in fast-growing sectors those likely to destroy most shareholder value, according to McKinsey research.

In a report published this month by McKinsey, the management consultancy sought to measure the value created by mergers and acquisitions.

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