MERGERS AND ACQUISITIONS Master of Science in Finance. TEACHER: ANTÓNIO BORGES ASSUNÇÃO CASE 2 Sun Microsystems 6TH MARCH 2014 CASE REVIEW As Shelton (1988) said strategic fit exists when two companies are able to create value that would be created if they were trying to reach the same goals separately. The IT industry is extremely competitive and companies are always searching for new ideas and new ways to evolve to be constantly one step ahead of its competitors
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---------University Initial Public Offerings: Presenting to Markets ------------- FIN-323 ------ 8/16/2013 Table of Contents 1. Introduction I. Defining IPOs II. Detailing Pros and Cons III. Hypothesis to Offering timeline 2. Taking a Company Public I. S.E.C. regulations II. Stages of Market Introduction 3. IPO Valuation I. General Valuation II. Underpricing a. Reasons for Underpricing b. Feedback of Advantages and Disadvantages 4. Longevity and IPO Performance
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TMA04 - Whirlpool Europe Harvard Business School Case Study 9-202-017 The introduction of an Enterprise Resource System (ERP) [pic] ANSWER TO QUESTION 1: The Enterprise Resource Planning System is a cross-functional information system that represents an important development for Whirlpool and an important area of activity for the information management function. Instead of focusing on the information processing requirements of business functions‚ ERP software focuses on supporting
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Analysis. [online] Retrieved from: http://www.macabacus.com/valuation/precedent-transactions [Accessed: 6 Aug 2013]. Martin‚ John & Titman‚ Sheridan (2011). Valuation: the art and science of corporate investment decisions (2nd Ed) Valuation using discounted cash flows‚ retrieved (2013) on 8/7/2013 from http://en.wikipedia.org/wiki/Valuation_using_discounted_cash_flows Ivey Management Services‚ Hill School of Business‚ 2009. The University of Western Ontario
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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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Finance revision 3) What is the difference between accounting and economic earnings? The main difference between accounting and economic earnings is that accounting earnings recognize realized gains and losses‚ but do not recognize unrealized gains and losses. Economic earnings recognize all gains and losses‚ whether realized or unrealized. Accounting earnings (also known as reported earnings) are the “official” earnings of a company as reported to stockholders and the SEC. They delay recognition
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3. Managers cannot profitably speculate in securities market. 4. Managers can reap benefits by paying attention to market prices. Implications for investment management 1. If the market is efficient in weak-form‚ investors can not obtain abnormal returns by analyzing relevant historical information about the securities.
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the long-term revenue growth target of 8 to 10 percent and earnings-growth targets of above 15 percent. Although the management presented its plan to improve on its performance‚ there were mixed reactions from the third party analysts. Kimi Ford was also not satisfied with the Nike’s analysis therefore she decided that it was necessary to develop her own discounted-cash-flow forecast. She found that Nike was overvalued at the discounted rate of 12% at its current share price of $42.09. She also
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Elsevier/North-Holland)‚ Ch. 1‚ 2006 Econometrics of Event Studies S.P. Kothari Sloan School of Management‚ MIT Jerold B. Warner William E. Simon Graduate School of Business Administration University of Rochester May 19‚ 2006 Key words: Event study‚ abnormal returns‚ short-horizon tests‚ long-horizon tests‚ crosssectional tests‚ risk adjustment This article will appear in the Handbook of Corporate Finance: Empirical Corporate Finance (Elsevier/North-Holland)‚ which is edited by B. Espen Eckbo. We
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[pic] AMITY SCHOOL OF DISTANCE LEARNING Post Box No. 503‚ Sector-44 Noida – 201303 FINANCIAL MANAGEMENT Assignment A Marks 10 Answer all questions. 1. a. Should the titles of controller and treasurer be adopted under Indian context? Would you like to modify their functions in view of the company practice in India? Justify your opinion? b. A firm purchases a machinery for Rs. 8‚00‚000 by making a down payment of Rs.1‚50‚000 and remainder in equal instalments
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