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Author: K. Ravi Sankar Publisher: ISBN: 9788126114375 Category : Consolidation and merger of corporations Languages : en Pages : 0
Book Description
In The Recent Times Mergers And Takeovers Have Generated Considerable Interest In The Indian Corporate Sector.Takeovers Are Of Different Forms. Some Of Them Involve Straight Takeover Of One Company By The Other Through The Acquisition Of Shares And Decision To Operate The Company As An Independent Entity. In Some Other Cases, Takeovers May Be To The Extent Of Capturing The Controlling Ownership In A Company. A Third Variety In This Is That Sick Companies Are Taken Over By The Healthy Companies For The Revival. For The Purpose Of This Study, The Third Variety Of The Sample Units Has Been, Selected.In India The Research Studies On Takeovers Are Very Few. Little Is Done From The Point Of View Of Establishing The Fact That Whether Takeovers Are Able To Produce Results And Thus They Can Be Supported By The Government And Others As A Useful Economic Activity. More So In The Context Of Turning Around Of Sick Units, Takeover Is Considered To Be And Useful Strategy. In This Context, The Present Study Aims At Concentrating On The Aspects Relating To Performance Of The Units Being Takeover By The New Managements.In This Study An Attempt Is Made To Compare The Performance Of Firms Before And After The Takeover Through The Financial Parameters Like Liquidity, Leverage And Profitability.
Author: K. Ravi Sankar Publisher: ISBN: 9788126114375 Category : Consolidation and merger of corporations Languages : en Pages : 0
Book Description
In The Recent Times Mergers And Takeovers Have Generated Considerable Interest In The Indian Corporate Sector.Takeovers Are Of Different Forms. Some Of Them Involve Straight Takeover Of One Company By The Other Through The Acquisition Of Shares And Decision To Operate The Company As An Independent Entity. In Some Other Cases, Takeovers May Be To The Extent Of Capturing The Controlling Ownership In A Company. A Third Variety In This Is That Sick Companies Are Taken Over By The Healthy Companies For The Revival. For The Purpose Of This Study, The Third Variety Of The Sample Units Has Been, Selected.In India The Research Studies On Takeovers Are Very Few. Little Is Done From The Point Of View Of Establishing The Fact That Whether Takeovers Are Able To Produce Results And Thus They Can Be Supported By The Government And Others As A Useful Economic Activity. More So In The Context Of Turning Around Of Sick Units, Takeover Is Considered To Be And Useful Strategy. In This Context, The Present Study Aims At Concentrating On The Aspects Relating To Performance Of The Units Being Takeover By The New Managements.In This Study An Attempt Is Made To Compare The Performance Of Firms Before And After The Takeover Through The Financial Parameters Like Liquidity, Leverage And Profitability.
Author: Eli Amir Publisher: Springer Nature ISBN: 3030617696 Category : Business & Economics Languages : en Pages : 304
Book Description
Mergers and acquisitions (M&As) reshape the corporate landscape helping companies expand market share and gain a strategic advantage. The ability to understand and analyze these transactions is a crucial skill. The first step in acquiring that skill is being able to gather and analyse information on M&As from public sources, such as financial statements. This textbook helps its readers better analyze M&A transactions using information provided in financial statements. Covering accounting and reporting of consolidations, goodwill, non-controlling interests, step acquisitions, spin-offs, equity carve-outs, joint ventures, leveraged buyouts, disposal of subsidiaries, special purpose entities, and taxes, it focuses on the link between underlying economic events and the information in financial statements and how this link affects the assessment of corporate performance. The first part of the book provides description of the accounting rules governing M&A transactions, while the second part includes cases of M&A transactions. Each case focuses on a different element of an M&A transaction, and it is followed by a detailed solution with a complete analysis. Unlike other books in this field, this textbook focuses exclusively on accounting and financial analysis for graduate and upper undergraduate level courses in financial analysis, corporate finance, and financial accounting.
Author: Barbara S. Pécherot Petitt Publisher: Pearson Education ISBN: 0133372677 Category : Business & Economics Languages : en Pages : 257
Book Description
Master the latest insights, lessons, and best practice techniques for accurately valuing companies for potential mergers, acquisitions, and restructurings. Concise, realistic, and easy to use, Valuation for Mergers and Acquisitions, Second Edition has been fully updated to reflect the field's latest and most useful "rules of thumb," compare every modern approach to valuation, offering practical solutions for today's most complex and important valuation challenges. Treating valuation as both an art and a science, it covers the entire process, offering up-to-the-minute real-world advice, examples, and case studies. Leading valuation experts Barbara S. Petitt and Kenneth R. Ferris introduce and compare leading techniques including discounted cash flow analysis, earnings multiples analysis, adjusted present value analysis, economic value analysis, and real option analysis. They fully address related concerns such as the accounting structure of deals, accounting for goodwill, tax considerations, and more. Throughout, they identify common errors that lead to inaccurate valuation, and show how to avoid them. From start to finish, this guide doesn't just make valuation comprehensible: it provides the tools and insight to make valuation work. For all financial professionals concerned with valuation, especially those involved in potential mergers, acquisitions, and restructurings; and for corporate finance instructors and students in Executive MBA programs concerned with valuation
Author: Alan J. Auerbach Publisher: University of Chicago Press ISBN: 0226032167 Category : Business & Economics Languages : en Pages : 354
Book Description
The takeover boom that began in the mid-1980s has exhibited many phenomena not previously observed, such as hostile takeovers and takeover defenses, a widespread use of cash as a means of payment for targeted firms, and the acquisitions of companies ranking among the largest in the country. With the aim of more fully understanding the implications of such occurances, contributors to this volume consider a broad range of issues as they analyze mergers and acquisitions and study the takeoveer process itself.
Author: Stuart Ferguson (Ph. D.) Publisher: McGraw Hill Professional ISBN: 9780071402118 Category : Business & Economics Languages : en Pages : 390
Book Description
A quantitative tool for assessing and improving post-mergers and acquisitions (M & A) performance. Stuart Ferguson explains how to use the tool as a way to anticipate, measure and prevent functional problems when merging disparate groups. It is designed to translate often difficult-to-understand behavioural concepts and data into their direct impacts on business ratios and indicators, such as ROI, cost of sales, and payback period.
Author: Ignacio Rotllant Miras Publisher: ISBN: Category : Languages : en Pages :
Book Description
The Mergers and Acquisitions (M&A) market represents an important aspect of the corporate environment. Mergers, acquisitions, and takeovers have been a part of the business world for centuries. Nowadays, companies are often faced with decisions concerning these actions due to the job of management is to maximize shareholder value. In any case, far from being common, in Taiwan has been few cases of hostile takeovers. However, the most famous one is happening currently and is being a complex issue. The aim of this study is to analyze for the financial and the strategic point of view the ASE's hostile takeover against SPIL and propose best solutions to all the players involved. The financial analysis is split into two parts: the Financial Statements Analysis that compares the financial situation of both companies with the financial ratios of them, and the Stock and Synergies Valuation that provides an opinion of the intrinsic value of SPIL and estimate the value of the operating and financial synergies that can create the merger. The strategic analysis provides a broad range of lobbying strategies that have SPIL and ASE to try to attack or defend in the future of the issue. Also, the role of the FTC is analyzed to know the importance of it in the future result of the takeover. Finally, it is given some suggestions, justified in the results of the analyses, in order to help to each company to choose the best option for solve the current situation.
Author: Hicham Meghouar Publisher: John Wiley & Sons ISBN: 1848219172 Category : Business & Economics Languages : en Pages : 240
Book Description
The term "takeover", of which the first form is mergers and acquisitions (M&A), refers to the transfer of control of a business from one group of shareholders to another. Considering the importance of this issue and the real drives behind takeovers, it has become imperative to identifying companies that are vulnerable to takeover by two types: tender offer and exchange offer. This book thus presents the legal aspects, the theoretical justifications and the empirical contributions of takeovers, and analyzes the economic and financial characteristics of targets in order to assess the probability of being acquired. An empirical approach based on two quantitative studies is then applied to the European market, which is still virgin territory in terms of academic research. Finally, acquisition probability models have been developed and they have a 72% forecast accuracy average rate of targets. Corporate Takeover Targets is aimed at students and researchers in economic and management, as well as M&A consultants.
Author: Mohammed Ibrahimi Publisher: John Wiley & Sons ISBN: 1786303450 Category : Mathematics Languages : en Pages : 260
Book Description
This book deals with corporate mergers and acquisitions by analyzing the financial and strategic aspects. It starts with a chronological justification of the evolution of external growth operations and ends with case studies in order to put into practice the theoretical contribution of the previous titles. Through this book, we wish to detail the types of mergers and acquisitions, their modes, their motivations, their consequences and their performances. First of all, we propose a panoply of scientific research, methodological explanations and logical structuring to expose a subject of experience considered for a long time as a phenomenon in finance. Then, through a sample of 90 mergers or acquisitions, we analyze the effects of these transactions on French companies.
Author: K. Ravi Sankar
Author: K. Ravi Sankar
Author: Eli Amir
Author: Barbara S. Pécherot Petitt
Author: Alan J. Auerbach
Author: Stuart Ferguson (Ph. D.)
Author: Ignacio Rotllant Miras
Author: Douglas Kuehn
Author: Hicham Meghouar
Author: S. H. Zanakis
Author: Mohammed Ibrahimi