Shareholders lose and banks win in M&A frenzy

06/25/2007 | Bloomberg

Most shareholders lose in acquisitions while the executives and bankers who set up mergers profit. A record $2.5 trillion in mergers so far this year has resulted in record fees for bankers, but those profits don't trickle down to investors. "There are few home runs for shareholders," said David Harding, co-head of the global mergers group at Bain & Co.

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