Research Shows That Smaller M&A Deals Work Out Better
Harvard Business
MAY 9, 2018
Walter Thompson Company for $566 million in 1987 and Ogilvy for $864 million in 1989 — big acquisitions that stretched the company’s balance sheet. While nearly doubling its labor productivity, PCC managed to reduce its overhead ratio by three percentage points. So WPP acquired the ad agencies J.
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