Quick win: M&A

One of management’s key roles is capital allocation. Investment professionals need to be able to judge how successful M&A activity has been relative to the other investment opportunities.

Why M&A information is important to the CRUF

Given the size and significance of many M&A transactions, we encourage management to provide us with enough information to assess the value created through such activities. In the absence of a clear description of how value has been extracted from the significant sums invested in M&A, it is hard for investors to have confidence that the return on such investment is sufficient.


The CRUF would welcome more detailed disclosures following M&A activity, particularly in relation to liabilities assumed, fair value adjustments and assumptions, intangibles, and how acquisitions are managed. This would contribute to better understanding of the impact on long-term value.

The current problem with disclosures and what the CRUF would like to see

Click the tabs below to reveal what CRUF would like to see for each of these current problems

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