Fools Rush In: 37 Of The Worst Corporate M&A Flops
CB Insights
OCTOBER 29, 2018
Bank of America and Countrywide. For financial giant Bank of America, the $4B acquisition of mortgage lender Countrywide in 2008 probably seemed like a natural way to grow the business. In the early 2000s, venerable retailers Sears and Kmart began losing ground to Walmart and Target, with Kmart even filing for Chapter 11 in 2002.
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