There can be situations, where a company may feel that they need some changes in their corporate structure to get out of the trouble or to become more profitable in a competitive market. So, when companies opt for such changes of various kinds, they are actually involved in corporate restructuring. The important thing for a company is to choose an appropriate plan for its restructuring so that they can gain benefits, which they are looking for. If a company is not so sure about its restructure plan, and does not perform it with proper planning, then it can be a disaster for them. In the process of corporate restructuring, a company has to keep three key challenges in mind such as design, execution and marketing. A company has to define its actual business problem or the real opportunity for the restructuring plan to be successful; otherwise it is not a considerable option to choose without any proper thinking and planning for any company (Gilson 2001)

            As mentioned above that a company may opt for corporate restructuring due to an existing business problem or when they see an opportunity to be grabbed. So, there can be various ways to do restructuring and reorganizing of a company, and one considerable way is through mergers and acquisitions. Mergers and acquisitions are one of the common ways of doing corporate structuring. A company can gain growth and economic boost with such steps. The economic benefits are many for a company, when it opts for merger or acquisition such as risk diversification, economies of scale, enhancing competitive capabilities etc. a company may need new technology or resources to operate and they can quickly get it by doing mergers and acquisitions. So, it shows that mergers and acquisitions can be critical for the success of corporate restructuring process (Udoidem and Acha 2012). In this case study analysis, the focus would be on Pfizer’s mergers with Warner-Lambert and Pharmacia. It will be analyzed in detail that why these mergers were done, and what was achieved by the companies through these mergers.

References of Merger and Acquisitions of Corporate Restructuring

Gilson, Stuart C. 2001. How To Make Restructuring Work for Your Company. Accessed November 12, 2018. https://hbswk.hbs.edu/item/how-to-make-restructuring-work-for-your-company.

Udoidem, John O., and Ikechukwu A. Acha. 2012. "Corporate Restructuring through Mergers and Acquisition: Experience from Nigeria." Journal of Economics and Sustainable Development 3 (13): 135-142.