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M&A predators at largeNov 29, 2012 (BRW - ABIX via COMTEX) -- Many mergers and acquisitions (M&As) lead to the reduction of shareholder value, rather than its enhancement. However, there are exceptions to this rule, and SuperRetail Group, Flexigroup and McMillan Shakespeare Group are three examples. Companies that grow via "bolt-on" M&A activity include M2 Telecommunications and TPG Telecom, while 1300 Smiles has a conservative approach to M&As. Publication Date: 29 November 2012 MACQUARIE EQUITIES LIMITED MACQUARIE BANK LIMITED - ASX MBL SUPER RETAIL GROUP LIMITED - ASX SUL REBEL GROUP LIMITED McMILLAN SHAKESPEARE LIMITED - ASX MMS FLEXIGROUP LIMITED - ASX FXL TPG TELECOM LIMITED - ASX TPM M2 TELECOMMUNICATIONS GROUP LIMITED - ASX MTU 1300 SMILES LIMITED - ASX ONT GREENCROSS LIMITED - ASX GXL INVOCARE LIMITED - ASX IVC BIGAIR GROUP LIMITED - ASX BGL UXC LIMITED - ASX UXC INTERLEASING (AUSTRALIA) LIMITED CERTEGY CARD SERVICES AUSTRALIA PTY LTD LOMBARD FINANCE PTY LTD |