Haven't seent this book discussed yet but just finished it and it's exretemely insightful. First few chapters are statistical in nature, nonetheless extremely interesting on disecting what M&A failure is really about and how the historical figures on m&a success/failure have been presented.
Bruner does a great job of setting up the mindset through the first few chapters to go through 10 case studies of what he believes are the worst M&A deals done and how they failed. This is not quantitative but really gives you an understanding of the necessary variables to be considered in diligencing mergers and build-ups...
Extremely useful for PE people looking to broaden their analysis on evaluating roll-up transactions.
NOTE: THIS BOOK IS NOT TECHNICAL IN NATURE, NO VALUATION DISCUSSION OR OTHER ELEMENTARY TALK!