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Pre-merger acquisition capabilities: A study of two successful serial acquirers

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  • Grant, Michael
  • Nilsson, Fredrik
  • Nordvall, Anna-Carin

Abstract

The aim of this paper is to provide new insights into the pre-merger phase of M&A. It examines capabilities of serial acquirers, that is, expertise and routines. This is done by conducting a study of two successful serial acquirers. The study identifies and describes what elements expertise and routines consist of and how they are related, explaining how both are needed for a successful pre-merger phase. Moreover, it consolidates present knowledge on expertise and routines in the pre-merger phase and adds new empirical and theoretical insights. The result is the pre-merger capability typology showing in a fine-grained manner which capabilities and elements are important. Arguably, the study provides a holistic view of acquisition capabilities of successful serial acquirers in the pre-merger phase.

Suggested Citation

  • Grant, Michael & Nilsson, Fredrik & Nordvall, Anna-Carin, 2022. "Pre-merger acquisition capabilities: A study of two successful serial acquirers," European Management Journal, Elsevier, vol. 40(6), pages 932-942.
    • Handle: RePEc:eee:eurman:v:40:y:2022:i:6:p:932-942
    DOI: 10.1016/j.emj.2022.10.006
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    References listed on IDEAS

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