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

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Date Written: October 14, 2008

Abstract

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

Calandro, Jr., Joseph, Assessing the Risk of M&A: Brunner's Disaster Framework and the Case of the Gen Re Acquisition (October 14, 2008). Strategy & Leadership, Vol. 36, No. 6, pp. 20-27, 2008. Available at SSRN: https://ssrn.com/abstract=1284683

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

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