http://www.beaconintegration.com/resources/merger-blog/2009/06/ten-important-lessons-from-the-history-of-mergers-acquisitions/ This blog is dedicated to technology aspects of Mergers & Acquisitions Mon, 13 Jul 2009 13:26:51 +0000 http://wordpress.org/?v=2.9 hourly 1 http://www.beaconintegration.com/resources/merger-blog/2009/06/ten-important-lessons-from-the-history-of-mergers-acquisitions/comment-page-1/#comment-408 Aaron Weisman Mon, 13 Jul 2009 12:33:37 +0000 http://www.beaconintegration.com/resources/merger-blog/?p=195#comment-408 How are you determining the range associated with these waves? I see you reference the Sherman Act, which was enacted in 1890, but the start of your first wave is a few years away from this date. You then mention the Clayton Act in your second wave, which was enacted in 1914. Again, close to the start of the second wave, but still a few years off. Your first two waves seem to be defined by legislative control for the period encompassing the wave (even though the years are a little off), while the third wave seems to be defined by the characteristics of the mergers. For the fourth wave, you seem to make the definition about the value of transactions, which you rarely covered in the first several waves. Don’t get me wrong, it’s an excellent posting, and a great source of information, I’m just curious how you developed the definitions? On another point, you mentioned that the “Sherman Act proved to be relatively ineffective as a deterrent of monopolistic practices.” Given that congress is undoubtedly going to be passing a whole series of legislation shortly that may curb future M&A activity, do you see any parallels to when the Clayton Act was passed to today’s climate? How are you determining the range associated with these waves? I see you reference the Sherman Act, which was enacted in 1890, but the start of your first wave is a few years away from this date. You then mention the Clayton Act in your second wave, which was enacted in 1914. Again, close to the start of the second wave, but still a few years off. Your first two waves seem to be defined by legislative control for the period encompassing the wave (even though the years are a little off), while the third wave seems to be defined by the characteristics of the mergers. For the fourth wave, you seem to make the definition about the value of transactions, which you rarely covered in the first several waves. Don’t get me wrong, it’s an excellent posting, and a great source of information, I’m just curious how you developed the definitions? On another point, you mentioned that the “Sherman Act proved to be relatively ineffective as a deterrent of monopolistic practices.” Given that congress is undoubtedly going to be passing a whole series of legislation shortly that may curb future M&A activity, do you see any parallels to when the Clayton Act was passed to today’s climate?

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