Different studies have attempted to identify reasons why leading senior managers leave acquired companies.
Although the reasons for executive departure were not clear, Walsh and Ellwood (1991) found that managers from acquired companies who have the best performance records tended to leave early.
In an effort to explain why acquisitions often fail (Bergh, 1997; Boot, 1992; Kaplan & Weisbach, 1992; Porter, 1987), attention has begun to focus on the top executives of the acquired companies as they are intimately involved in implementation, one of the key factors that influences the success of acquisition strategy.
Acquired companies that retain executives possessing long organizational tenure are expected to have better implementation processes and more positive acquisition outcomes.
Directors of both the acquiring and acquired companies
have a unique opportunity to creatively tackle the myriad problems that could potentially arise in a corporate merger.
Duane will be working with Standex through June to assist with the management transition and the integration of the newly acquired companies
continue to operate under their own brands, usually with minimal staff turnover to ensure that relationships of many years' standing are not disrupted.
CNL has $13 billion in assets currently under management and since its inception in 1973, has formed or acquired companies
with more than $17 billion in assets, including hotels, retail, restaurants, seniors housing and leisure properties.
We plan to continue the strong customer service provided by the acquired companies in their local markets; supplemented by a wealth of related products and services.
The acquired companies represent the founding acquisitions in a broader consolidation strategy.
In addition, the expansion of the emerging technology portfolio through the acquisition of new emerging technology companies and the intention to later spin-off the acquired companies increases the future number of potential dividends to be issued to NewMarket shareholders.
NewMarket continuously acquires undiscovered emerging technology companies and incorporates the products of the acquired companies into NewMarket's overall product portfolio.