1. Why Corporate Mergers of Equals Almost Never Work

    Why Corporate Mergers of Equals Almost Never Work

    Paris. Champagne. The Arc de Triomphe in the background. It was the perfect setting to announce an engagement. The $35-billion “merger of equals” between advertising giants Omnicom Group and French rival Publicis Groupe seemed richly blessed last July when chief  executives John Wren and Maurice Levy posed for photographs and [...]

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