The US equity markets are now officially in the midst of the second longest continuous rise ever – and they just keep on ticking. It’s been more than 2,700 calendar days since the 2009 bottom – without a 20% pull back. Can it continue? Can we surpass the to 3,452 day bull market that ended with the tech market crash in 2000? Maybe we can – at least in the dozen+ sectors of the information-technology industry that we follow and sometimes lead. Every week, we talk to the CEOs, Board members, investors and others connected with a wide range of…
Successful businesses don’t just happen. And, in spite of protestations to the contrary, they don’t owe their success to luck; businesses thrive as a result of strong leadership.
In a conversation with a client earlier this week, we talked about the successes that many of our clients have found after deals are completed – and the failures we occasionally see. We noted that, in many cases, the credit or the fault stems not from the price people paid but rather from the success (or failure) of the integration – which, in our view, in turn stems from the amount of work they put into integration investigation, planning and execution before the transaction is complete. Everyone seems to know that integration is important. And nearly everyone we work with pays some attention to planning for it. But some firms are just better at the process than others.
Ken Marlin spent the morning at Harvard Business School talking to students about a case prepared by two Harvard Business School Professors, based on an actual M&A client. The names and a few other descriptive facts were changed, but the situation was real. To read the case, click here.
Today Ken Marlin was quoted in The Chicago Sun-Times regarding NYSE being on the market. Click here to view the entire article. Ken’s quote: “We’re in the midst of a pretty fundamental reshaping of the way people trade stocks, bonds and derivatives,” said Kenneth B. Marlin, managing partner at Marlin & Associates, a boutique investment bank that’s done merger-related work with exchanges.”