M&A Advisory July 2025

Do Mergers and Acquisitions Create or Destroy Value?

An evidence-based analysis of M&A value creation and destruction, with lessons from major Indian transactions and practical guidance for business owners.

By RedeFin Capital 9 min read

The question of whether mergers and acquisitions create or destroy shareholder value has been debated for decades. Research consistently shows that while target company shareholders typically benefit, acquiring company shareholders often see neutral or negative returns. Understanding why certain deals succeed and others fail is essential for any business owner considering an M&A transaction.

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