Bigger is Better

The benefits of Mergers and Aquistion are simply economies of scale.

But are there limits to growth? – This article in the Economist argues that there are – and that it is common to overestimate the benefits.

This article from McKinsey looks at where mergers go wrong. Most buyers routinely overvalue the synergies to be had from acquisitions.

In short they say 2 + 2 = 5.