Mergers not producing higher profits one of the risks

PETALING JAYA: It had been a banner year for mergers and acquisitions (M&As), corporate exercises that are common in the developed markets but were few and far between here in the earlier years. 

While the stock markets cheered last year's M&As, it is well known that mergers in the developed markets did not often produce the incremental profits that formed the basis for those mergers.