M&A Deals that Add Value are Rare — Expensive Deals that do so Rarer Still The Schroders Value Team will also be speaking at the LVIC 2017 and Nick Kirrage recently wrote this article which outlines
why they are sceptical about the Reckitt Benckiser acquisition of the US baby milk manufacturer Mead: «Ultimately, of course, you can only judge M&A success in hindsight but, as we did with BAT and Reynolds, we are nevertheless prepared to
stick our
neck out and say Reckitt buying Mead looks a pretty poor idea from a valuation perspective... all could turn
out fine.
If Goldacre really wants to
stick his
neck out,
why doesn't he try arguing against a rich, powerful, bullying Climate - Change establishment which includes all three British main political parties, the National Academy of Sciences, the Royal Society, the Prince of Wales, the Prime Minister, the President of the USA, the EU, the UN, most schools and universities, the BBC, most of the print media, the Australian Government, the New Zealand Government, CNBC, ABC, the New York Times, Goldman Sachs, Deutsche Bank, most of the rest of the City, the wind farm industry, all the Big Oil companies, any number of rich charitable foundations, the Church of England and so on?