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Description
The Synergy TrapWith acquisition activity running into the trillions of dollars, the acquisition alternative continues to be the favorite corporate growth strategy of this generation's executives. Unfortunately, creating shareholder value remains the most elusive outcome of these corporate strategies. After decades of research and billions of dollars paid in advisory fees, why do these major decisions continue to destroy value? Building on his groundbreaking research
With acquisition activity running into the trillions of dollars, the acquisition alternative continues to be the favorite corporate growth strategy of this generation's executives. Unfortunately, creating shareholder value remains the most elusive outcome of these corporate strategies. After decades of research and billions of dollars paid in advisory fees, why do these major decisions continue to destroy value? Building on his groundbreaking research first cited in Business Week, Mark L. Sirower explains how companies often pay too much -- and predictably never realize the promises of increased performance and competitiveness -- in their quest to acquire other companies. Armed with extensive evidence, Sirower destroys the popular notion that the acquisition premium represents potential value. He provides the first formal and functional definition for synergy -- the specific increases in performance beyond those already expected for companies to achieve independently. Sirower's refreshing nuts-and-bolts analysis of the fundamentals behind acquisition performance cuts sharply through the existing folklore surrounding failed acquisitions, such as lack of "strategic fit" or corporate culture problems, and gives managers the tools to avoid predictable losses in acquisition decisions. Using several detailed examples of recent major acquisitions and through his masterful integration and extension of techniques from finance and business strategy, Sirower reveals:- The unique business gamble that acquisitions represent
- The managerial challenges already embedded in current stock prices
- The competitive conditions that must be met and the organizational cornerstones that must be in place for any possibility of synergy
- The precise Required Performance Improvements (RPIs) implicitly embedded in acquisition premiums and the reasons why these RPIs normally dwarf realistic performance gains
- The seductiveness and danger of sophisticated valuation models so often used by advisers
Binding Type: Paperback
Publisher: Free Press
Published: 10/26/2007
ISBN: 9781416584650
Pages: 304
Weight: 1.00lbs
Size: 9.02h x 5.98w x 0.69d
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★★★★★ 5
Perfect one!
Color: 1a. Clear, Size: 72"W x 72"L (Pack of 1)
Awesome shower liner for a great price! This one is sturdy, washable, hangs nice, and easy to use. I like mine to be clear, so this one was perfect for me. It lets a lot of the bathroom light in. The clear color works for me. It has magnets at the bottom and does not blow in so much while you are showering. You can replace whenever you want or even wash it. The price is great, so it is up to you. Good purchase!
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Reviewed in the United States on April 18, 2026
★★★★★ 5
Great quality for an even better price!
Color: 1a. Clear, Size: 72"W x 72"L (Pack of 1)
Was in need of a new one and this came quick and was super adorable. Great quality for the price, easy to use, water resistant, and easy to wipe/wash. Good thickness to it.
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Reviewed in the United States on May 14, 2026
★★★★★ 4
Durable curtain liner!
Color: 1a. Clear, Size: 72"W x 72"L (Pack of 1)
Very good quality with magnets at the bottom. I would recommend highly
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Reviewed in the United States on May 27, 2026
★★★★★ 5
Lovely
Color: 1a. Clear, Size: 72"W x 72"L (Pack of 1)
Perfect fit and easy to put up. Feels decent quality, not very thick but has been very clean
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Reviewed in the United States on May 25, 2026
★★★★★ 5
Worth it! Get it
Color: 1a. Clear, Size: 72"W x 72"L (Pack of 1)
I was pleasantly surprised at the quality of this shower curtain liner, especially for the price. We have bad water; turns other liners a pinky orange color. This has not turned colors, thick material. And I love how it has magnets to keep it attached to the tub to avoid water getting out onto the floor
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Reviewed in the United States on April 21, 2026