When it comes to any merger, you often can’t trust the reason the firms are merging, particularly if financial rather than operational managers are driving the process. When it comes to hostile takeovers, you can bet you are being misled, because the rhetoric will address synergy and the power of the two firms together, but the folks driving the effort know the more likely goal is to destroy the acquired company. Carl Icahn, who is one of the most feared corporate raiders in the world — possibly the most feared — is behind this one.
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