A detailed look at the worst M&A deals ever and the lessons learned from them It's common knowledge that about half of all merger and acquisition (M&A) transactions destroy value for the buyer's shareholders, and about three-quarters fall short of the expectations prevailing at the time the deal is announced. In Deals from Hell, Robert Bruner, one of the foremost thinkers and educators in this field, uncovers the real reasons for these mishaps by taking a closer look at twelve specific instances of M&A failure. Through these real-world examples, he shows readers what went wrong and why, and converts these examples into cautionary tales for executives who need to know how they can successfully navigate their own M&A deals. These page-turning business narratives in M&A failure provide much-needed guidance in this area of business. By addressing the key factors to M&A success and failure, this comprehensive guide illustrates the best ways to analyze, design, and implement M&A deals. Filled with in-depth insights, expert advice, and valuable lessons gleaned from other M&A transactions, Deals from Hell helps readers avoid the common pitfalls associated with this field and presents them with a clear framework for thinking about how to make any M&A transaction a success.

纵观有史以来最糟糕的并购交易和从中吸取的教训，众所周知，大约一半的并购交易破坏了买方股东的价值，大约四分之三的并购交易没有达到交易宣布时的预期。在《来自地狱的交易》一书中，该领域最著名的思想家和教育家之一罗伯特•布鲁纳（Robert Bruner）通过仔细观察12个并购失败的具体案例，揭示了这些灾难的真正原因。通过这些现实世界的例子，他向读者展示了哪里出了问题，为什么出了问题，并将这些例子转化为警示故事，让那些需要知道如何才能成功驾驭自己的并购交易的高管们知道。这些翻页式的并购失败商业叙述为这一商业领域提供了急需的指导。通过解决并购成功与失败的关键因素，本综合指南阐述了分析、设计和实施并购交易的最佳方法。《来自地狱的交易》（Deals from Hell）充满了深入的见解、专家的建议以及从其他并购交易中收集到的宝贵经验教训，帮助读者避免与该领域相关的常见陷阱，并为读者提供了一个清晰的框架，供他们思考如何使任何并购交易成功。