SFLRN

If you have any links to those studies on merger profitiability I would be most interested. Presumably one could look at the company's change in profits, but I wonder if perhaps at least some of the deals (in this case especially) may be profitable by limiting future losses (I remember some commentators noting that Microsoft was attempting to leverage this deal into limiting Google's expansion, but I could be wrong). It could simply allow for a company to maintain current market share levels rather than actually creating positive profits for them (although I cannot imagine this being the norm for most deals).