Mergers & acquisitions - Cutting to the chase
When analysing companies it is critical for us to understand how management discriminate between competing uses of capital. Mergers & acquisitions (M&A) activity is at the heart of this, and, in our view, an area where we believe many businesses could articulate their thinking better. Here, Paul Sloane, Portfolio Manager of the Global Alpha strategy, shares his observations from years of engagement with companies on the acquisition trail.
6 March 2017