Merging into a Spin

If nothing else can be said for mergers and acquisitions, they do at least provide the raw material for future spin-offs and demergers. How else would Hanson now be maintaining its shareholders' interests if it were not busy subdividing the monolith built up over the years through takeovers? And how else would investment bankers, corporate lawyers and the rest maintain their luxurious life styles if they couldn't advise clients on how best to unravel the M&A strategies they had recommended