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A report released by management consultancy McKinsey this year argued, however, that big pharmaceutical deals have created significant value for shareholders and ensured the long-term survival of the acquirer.
"Onyx has tremendous momentum, and with the expansion of our pipeline and two successful product launches, the company and our talented employees have created significant value for Onyx shareholders," N. Anthony Coles, Onyx's chairman and chief executive, said in a statement.
Automotive repair had many of the same attributes of other spaces – restaurants, hotels, airlines, etc.. where internet & mobile models have been disruptive and created significant value.
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Our proposal creates significant value for everybody.
It represents a compelling opportunity to create significant value for both companies' shareholders," he said.
"The new model provides the opportunity to create significant value for our partners, our traders and our staff, due to a step-change in profitability," he said.
"A combination of Lowe's and Rona makes business sense and would create significant value for all stakeholders," Lowe's said.
"This is a highly compelling transaction that will create significant value for our shareholders," Philip K. Asherman, Chicago Bridge & Iron's chief executive, said in a statement.
It also said that SemGroup's pipelines and storage facilities would create "significant value for synergies" when combined with assets held by Plains.
"With the direct sale of PYA/Monarch to Ahold, Sara Lee obtains cash now, eliminates market uncertainty and secures a multiyear supply contract, creating significant value for Sara Lee shareholders," said C. Steven McMillan, chief executive of Sara Lee.
"The planned demerger would create significant value to shareholders as they would have the opportunity to invest in two clearly differentiated vehicles evaluated according to the specifics of their respective sectors," the company said in a statement.
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