Article from the Australian Financial Review Cultural differences can be a major headache when companies merge.
Not long after Sam Kennard recieved the keys to his competitior, Millers Self Storage, an anonymous email was sent to every person in the company – a battle cry of resitance to the purchase. “We are not going to let Kennards take over” was the thrust of this message. But it was way too late. The $220 million deal was done and dusted.