Assessing the Risk of M&A: Brunner's Disaster Framework and the Case of the Gen Re Acquisition
Strategy & Leadership, Vol. 36, No. 6, pp. 20-27, 2008
Posted: 15 Oct 2008
Date Written: October 14, 2008
Purpose: The purpose of this paper is to provide commentary on the recently published book "Deals from Hell - M&A Lessons That Rise Above the Ashes" (NY: Wiley, 2005) by Robert Bruner.
Design/methodology/approach: This paper is a case study based on a risk assessment framework that was presented in a recently published book. Therefore, the case study is based on that framework, and it is based on previously published research regarding Berkshire Hathaway's 1998 Gen Re acquisition.
Findings: Our case study supports the findings of Bruner's research regarding the utility of the M&A risk assessment framework presented in his book.
Practical and research implications: Bruner's disaster-based M&A risk assessment framework could be practically utilized in M&A. Furthermore, the field of real disasters could be the subject to further strategy-based research.
Originality/value: This article is practically oriented commentary on recently published M&A risk assessment research, which is analyzed via case study.
Keywords: Mergers and Acquisitions, Risk, Disasters
JEL Classification: D81, G34, M20
Suggested Citation: Suggested Citation