Acquirers can earn substantially higher shareholder
returns from M&A in downturns than in upturns – and so
too can companies that divest assets. These are some of
the findings from the Corporate Development PA’s fourth
annual M&A report. Based on a quantitative analysis of
over 5,000 completed deals (1992–2007), with a specific
focus on downturn deals and corporate divestitures, the
report identifies the critical success factors for both
buyers and sellers, and the latest trends in the M&A
market. pdf. 2008
