Publisher: Warner / Grand Central Publishing / Hachette, 2000, 832 pages
Since the publication of Bruce Wasserstein's seminal Business Weekbestseller BIG DEAL, an explosion of megamergers and acquisitions has rocked Wall Street. With advancing technology and stockpiles of cash fueling the frenzy, the corporate landscape is changing overnight. This new edition of BIG DEAL tells you where teh trends aregoing and why dealmaking in the new millenium is creating the biggest and most profitable businesses.
Chrysler-Daimler… Travelers-Salomon-Citicorp… NYNEX-Bell Atlantic… Ten years ago even the most visionary Wall Streeter could not have predicted the megamergers of the late 1990s. Analyzing the forces that made these mergers not only possible but inevitable, Wasserstein now presents a fascinating, colorful overview of the history of corporate mergers and buyouts from the roaring '20s to the current era.
A veteran of over one thousand corporate deals and a man who knows today's biggest players personally, from Barry Diller to Sumner Redstone, Wasserstein moves from the historical to the human dramas behind the headlines. He asks, and answers, the important questions that every financial watcher — and investor — needs to know. Are companies overpaying for their corporate acquisitions? What's teh impact of the rise in Internet stock prices and the boom n IPOs? And, in assessing the big picture, Wasserstein makes a persuasive argument that the explosion of corporate alliances will have an effect as dramatic as the industrial revolution.
BIG DEAL is a masterful journey through the fascinating world of big business. Entertaining and illuminating from beginning to end, it explains why today's mergers and acquisitions change not only the way we do business, but the way we live.
In my opinion a pretty good book.
It starts with the history and goes forward via cases to some mechanics and strategies. The only drawback is its size: when is an abridged edition coming out?