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Headline

Dishing the debt

Comment

All of this is will be familiar to anyone with knowledge of the Mayer Brown/Rowe &Maw/JSM mergers. All sides did little or no DD, cultures were incompatible and (despite being experts in M&A) the results were predictable. The one big difference is debt. MB had very little pre or post merger, with real estate costs being the big drag on the firms now. If MB had big debts, they probably wouldn't be around to tell the tale.

Posted date

16-Apr-2012

Posted time

11:52 pm

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