00:00:00
if you look at the performance
00:00:01
implications of divestitures versus
00:00:03
mergers and Acquisitions we actually see
00:00:05
that the divestitures outperform the M
00:00:07
A's by two to three times in terms of
00:00:09
their shareholder value and that
00:00:11
difference persists for up to 36 months
00:00:13
after the completion of these
00:00:14
transactions so that's the pathology
00:00:17
right we don't do these transactions
00:00:19
even though they actually create more
00:00:21
value for companies than the
00:00:22
transactions that we are actually
00:00:24
focusing on
