defense/intelligence customers is a key driver of acquisitions. Regardless of the strategic merits, studies consistently find that 60-70percent of deals actually diminish shareholder value. The Insiderasked Don Shay and Sandra Bumis, experts in merger integration, to identify why the postmerger part of most deals is trying and ojienfaits. Part II. in October, will look at how to stay out of trouble. ary 2004, "In the past 12 months, technology and defense contractors have completed…
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