An Investigation of Post-Acquisition Satisfaction with the Merger

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This article explores post-acquisition attitudes and behaviors and the impact of merger satisfaction on attitudinal and behavioral outcome variables. The sample for the study comprises 2,845 employees in one division of a large manufacturing company. Results show significant differences in merger satisfaction both within and between acquiring firm and acquired firm employees. Level of individual satisfaction with a merger was also found to be strongly associated with several key attitudinal and demographic variables, including satisfaction with supervision, satisfaction with career future and company identification, communication with top management, agreement with the acquiring company's mission statement, turnover intent, and union status.