What are the key indicators that need to be measured apart from expected financial results such as earnings and cash flow to evaluate extent of success of merger?

The key indicators to measure the post-merger efficiency, extent of achieving strategy may be grouped into: Financial outcomes. Component measures of these outcomes namely revenues, costs, net working capital and capital investments. Organisational indicators such as customers, employees and operations. All the areas being integrated and both the acquirer and target, or in a merger, both partners, should be brought within the ambit of continuous appraisal with pre-determined benchmarks. There are broadly four possible reasons for business growth and expansion. These are (1) Operating economies (2) Financial economies (3) Growth and diversification and (4) Managerial effectiveness.