Joel Reed, principal of investment bank RA Capital Group, says you can’t assume a transaction will create value for an owner or shareholder.

Joel Reed, principal of investment bank RA Capital Group, says you can’t assume a transaction will create value for an owner or shareholder. Photo by Melissa Jacobs.

Suddenly, a spate of regional businesses is in play, with San Diego companies participating on both sides of the table in recent merger and acquisition activity...

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