Acquisition Wars Prof. Ian Giddy New York University Mergers and Acquisitions Mergers & Acquisitions Valuation Divestitures Concept: Is a division or firm worth more within the company‚ or outside it? Copyright ©2002 Ian H. Giddy Corporate Financial Restructuring 2 Valuation in a Bidding-War Context Copyright ©2002 Ian H. Giddy Corporate Financial Restructuring 3 Case Study: The Acquisition of Conrail Why merge Conrail and CSX? How was the CSX offer structured? How was Conrail’s
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RE: Mercury Athletic valuation and acquisition recommendations We believe that Mercury is an appropriate target for AGI since an acquisition can be an excellent growth opportunity. First‚ through the acquisition AGI can take the advantages of some existing synergies. Acquiring Mercury would expand AGI’s business size and consequently produce the “one plus one is greater than two” effect. This acquisition would double AGI’s revenues‚ increase its leverage with contract manufacturers‚ and also help
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closely comparable ships. Upon taking an average of these Price/DWT factors‚ I multiplied this value by the 172‚000 weight of the Bet Performer to get its worth. I also considered the Capsize index in pricing the Bet Performer off of its comparable. The max Index value was now 12‚479 in May 2008‚ so solving for an index factor to adjust my 76.65 million result‚ yields a selling price of $135.36 million. Given all the information from the case‚ Fertilia seems to be the closest comparable to the Bet
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Week 8 Case Study – JetBlue Man Hon Chan 22002960 Introduction An initial public offering (IPO) refers to the initial stage of shares offering to the public market for subscriptions by a company to raise capital for the purpose of expansion. It is considered as a big issue for companies as an IPO does not necessary guarantee the success of a company as it is merely a tool of raising capital while its costs of issuance and consecutive monitoring costs (due to diluted shareholdings of the
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Financial Statements A non-GAAP financial measure is a numerical measure of past or future financial performance‚ financial position or cash flows that includes amounts that are excluded from the most directly comparable GAAP measure or excludes amounts that are included in the most directly comparable GAAP measure. Some common examples of non-GAAP earnings measures are cash earnings‚ operating earnings‚ EBITDA and FFO. The non-GAAP numbers impact revenue numbers without the use of subscription accounting
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Executive Summary Since its’ inception in 1987‚ Aéropostale‚ named after the 1920s French airmail firm‚ has become one of the leaders in designing‚ making and retailing of teen casual apparel and accessories. Aéropostale stores are primarily located in malls‚ shopping plazas and large outlet centers where they can best reach their teen clientele. The company’s main competitors include other clothing brands that cater to teens. Some of these competitors that we considered for Part I of this analysis
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quality‚ large density and high strength. 3. The block is of good quality concrete mixing plant‚ large density and high strength. The machine used on the push mode‚ and automatic scraper‚ convenient and flexible operation‚ and its performance can be comparable with the large-scale equipment 4. We are a leading Manufacturer of semi-automatic block making machine concrete mixer for sale‚ concrete block machine‚ brick making machine‚ cement brick machine‚ automatic block making machine‚ paver brick machine
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Transfer Pricing in India 1. Introduction Increasing participation of multi-national groups in economic activities in India has given rise to new and complex issues emerging from transactions entered into between two or more enterprises belonging to the same group. Hence‚ it was pertinent to introduce a uniform and internationally accepted mechanism of determining reasonable‚ fair and equitable profits and tax in India in the case of such multinational enterprises. Accordingly‚ the Finance
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PUB503: Personnel Issues in Public Service Pleasant Ridge Collective Bargaining Case Pleasant Ridge Collective Bargaining Case Many times‚ the process of collective bargaining agreement (CBA) negotiations is referred to as being “an art”. Although it is guided by various labor laws and there are multitudes of theories that claim to have established best practices in the field‚ every negotiation simply has too many unique variables to consider to ever be
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were first issued in 1995. Notable changes include: • Adoption of a “most appropriate method” standard for choice of transfer pricing method‚ replacing the previous hierarchy that preferred “traditional transactional methods” such as the Comparable Uncontrollable Price method over “transaction profit methods” such as the Transactional Net Margin Method; • Substantial additional guidance on comparability‚ now appearing in Chapter III; and • Addition of Chapter IX‚ containing a detailed
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