We have heard a lot about Mergers, and their triumphs and travails. For every successful merger, there are two failures. While immediate gains of mergers are reported and celebrated, the long-term quagmires and value erosion caused by mergers are scantly examined. For four decades, corporate world witnessed a big spell of merger mania with the claims of quick growth, consolidation, scale economy, and raising industry barriers. CEOs gained their eminence or lost their reputati