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Why working capital drives M&A today
Author(s) -
Sagner James S.
Publication year - 2006
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.20274
Subject(s) - diversification (marketing strategy) , capital (architecture) , business , vertical integration , industrial organization , economics , marketing , archaeology , history
Merger and acquisition (M&A) activities once focused on strategic transactions for diversification, or for vertical or horizontal integration. But today, the goal of the M&A game is often improving working capital management. It's a complete revolution in the way we look at M&A candidates. What's going on? © 2007 Wiley Periodicals, Inc.