M&A Has Surged. It Doesn’t Always Work Out for Buyers.

1. M&A activity is up 35% this year from strong financials and lower borrowing costs. 2. Union Pacific's $85 billion bid for Northern Southern has led to a 1.4% stock loss. 3. Larger acquirers typically underperform peers post-deal, indicating potential shareholder value loss. 4. Debt concerns loom over Union Pacific's cash and stock bid for Northern Southern. 5. Mergers aren't always beneficial for buyers, especially larger firms historically.