Zusammenfassung der Ressource
Mergers and Acquirsition
- Corporate strategy
- Objection: Value creation
- Increase revenue Cost savings Risk management
- Current and future strategic position or opportunities
- Financial, regulatory and taxation consideration
- Organic or inorganic growth
- Synergies
- Valuation
- Negotiation strategy
- Deal structure & form of payment
- Implementation
- Evaluation
- Def.
- Mergers
Anmerkungen:
- Mergers are those forms of business transactions where there is a combination of
two or more companies, and in the process one or more such companies lose their
corporate existence because they merge with the surviving entity.
- Acquirsition
Anmerkungen:
- Acquisitions are those forms of business transactions where the shares or control
of a company is taken over by persons who, prior to the change in shareholding or
control, did not possess such shareholding or control.
- Type
- Horizontal vs Vertical
- Firms in the same industry
- Different steps of the production process
- Conglomerate
- Firms not related in industry or in a supply chain
- Others
- Cross-border acquisitions
- Blurred mergers
- Financial acquisitions
- Strategy
- Industry
- Market
- Product/service
- Resource allocation
- Factor
- anti-trust regulation
- changes in tax and pension regulations
- privatisation programmes
- globalisation
- Shareholder activism
- Deregulation of financial market
- Perspective