Recent Organizational Problem in the Banking Industry: Problems with Mergers and Acquisitions
Date Submitted: 12/13/2004 16:58:28
Category: / Business & Economy / Marketing and Advertising
Length: 6 pages (1691 words)
Category: / Business & Economy / Marketing and Advertising
Length: 6 pages (1691 words)
Problems with Mergers and Acquisitions
"We launched our offer to give Wachovia shareholders a choice, and the shareholders overwhelmingly endorsed our deal," said Phil Humann, chairman, president and CEO of SunTrust Bank, "Basically the investment community in New York and Boston got cold feet, so we lost. But it was a perfect deal, and if the same circumstances occurred, we'd do it again." At SunTrust Bank and in the banking industry, in general, mergers and …
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…mergers and acquisitions practice, capitalizing on the very strong relationships to help the bank grow.
In conclusion, mergers and acquisitions present a work related problem that is quite extensive in content. This paper described the problem's setting, framed the problem in two different ways through the acquisition process and merger implementation in the banking industry. It has described logical thinking, examined other forces of nature, and provided an answer to the dilemma of the problem.
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