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The Tragedy of Destructive Acquisition
A Poorly Planned “Purchase of Choice” May Lead to Less-Than-Choice Outcomes
- In this column, in the December 1, 2012 and August 1, 2013 issues, I provided evidence that growth of the biotech industry has been enhanced by creative acquisition—the acquisition of successful firms by larger firms at premium market valuations. Creative acquisition, however, has a dark side that could be ...
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