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: M & A Law Prof BlogSources of Value Destruction in Acquisitions
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Harford, Humphrey and Powell have a new paper, Sources of Value Destruction in Acquisitions by Entrenched Managers. One conclusion is pretty straightforward and consistent with my first impression - if managers have excess cash, they tend not to be careful...Full post as published by M & A Law Prof Blog on March 16, 2010 (boomark / email).
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