The Complex Machinery Powering M&A (Scott Armstrong Commentary)

The Complex Machinery Powering M&A (Scott Armstrong Commentary)

When headlines announced the acquisition of Hewlett Packard Enterprise’s $14 billion purchase of Juniper Networks, most people saw a splashy headline, a stock market ripple and maybe a quote from a CEO about “synergy” or “long-term value creation.” But what the headlines rarely reveal is the intricate web of negotiations, diligence, advisers and financial structures working behind the scenes. A typical merger or acquisition deal involves an orch…