Reframing Mergers and Acquisitions around Stakeholder Relationships

Simon Segal covers M&A as a journalist/editor/commentator. He was awarded his PhD in 2021 for a thesis titled "Understanding and managing dynamic stakeholder relationships around mergers and acquisitions." He started the Australian bureau of Mergermarket in 2005, was Australia bureau chief and editor of Dealreporter Asia and is currently Editorial Consultant at Dealreporter and a director at Mergermarket Australia.James Guthrie AM is Emeritus Professor of Accounting at Macquarie Business School, Australia. He has published 220 articles in international and national refereed and professional journals and over 50 books or chapters in books.John Dumay is Professor in Accounting and Finance at Macquarie Business School, Australia. He previously worked for over 15 years as an independent business consultant, beginning an academic career in 2008.

• 1. Introduction 2. Causes and consequences of M&A 3. Economic, political and social implications and processes around M&A 4. Stakeholder approach to M&A 5. Conceptual stakeholder framework around M&A 6. Who are the stakeholders around M&A? 7. Balancing stakeholder relationships around M&A 8. The Tatts-Tabcorp merger process 9. The abandoned United Airlines and US Airways merger 10. Acquisition of Vin & Sprit by Pernod Ricard 11. Collapse of Fortis 12. Conclusion

"This book is a well-focused and welcomed addition to the stakeholder literature. It has much theoretical rigor combined with practical applicatioins."R. Edward Freeman, University Professor and Olsson Professor of Business Administration, University of Virginia"This is a ‘must-have’ book for anyone looking to do a deal or analyse why those deals get done well or poorly. Taking a comprehensive look at the many different stakeholders in a deal, the authors present a fresh view on how these interact with each other and thus show why it’s wrong to take too focused a view of a deal with attention on one or only two drivers to the deal. It’s a book that I suggest should be thumb-worn from frequent reference for deal practitioners and academics alike."Prof. Scott Moeller, former MD in M&A / Private Equite at Deutsche Bank and Morgan Stanley