Mercury Athletic Footwear Ashutosh Dash Firm Value & Cash Flow Unlevered Free Cash Flow • FCF = EBIT (1-t) + DEP - ∆NWC - CAPEX Or • FCF = EBIT (1-t) - ∆NFA - ∆NWC • EBIT (1-t) or NOPAT is debt free income • Where do we pick up the interest tax shield? • Estimating FCF requires – Developing a reorganized Balance Sheet A Complex Reorganized Balance Sheet Assets Excess Cash NWC Liabilities 000 Debt 104117 Others 000 000 NFA (PPE) 32618 Hybrids Others 77332 Equity 214067 214067 Capital
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The events after Freddie Gray case caused complete havoc and unity for the residents of Baltimore. Freddie Gray was taken into custody due to “possessing” an illegal switch blade. The event was recorded by a man via a cellular device‚ who was later arrested for the recording the event. Six police officers were arrested and charged for the death of Freddie Gray. While being transported the 25 year old male suspect pleaded for medical attention. Eye witnesses state that Freddie Gray was tased while
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Social Responsibilities and Contributions: Mercury Drug Corporation held a special Operation Bigay Lunas (OBL)that aided more than 12‚000 people in Cainta and San Mateo‚ Rizal; Pasig; Marikina; as well as in the Laguna province. As a company that has entrenched its commitment in helping communities that mostly needed healthcare assistance‚ the special OBL was Mercury Drug‘s response to alleviate the burden of those who were affected by typhoon Ondoy. Right medicines were supplied for each
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INDUSTRY ANALYSIS The steps in an industry analysis are: * Identify the industry and describe its market. Footwear was a mature‚ highly competitive industry marked by low growth‚ but fairly stable margins. However‚ the individual firms could be quite volatile. * Classify the market structure of the industry. The market for athletic and casual shoes remained fragmented‚ despite the presence of a small number of global footwear brands. Since product lifecycles tended to be short‚ active
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1. Is Mercury a good target for AGI? Discuss strategic fit of brands‚ products‚ customers‚ and distribution. Identify specific sources of value. Discuss AGI’s strengths/weaknesses compared with other bidders. Mercury AGI Brands Acquire an iconoclastic nonconformist image that trying to exploit by adding a line of active casual footwear. Associated with a lifestyle that was prosperous‚ active and fashion-conscious. products Main on men’s athletic footwear‚ and cover the athletic and casual footwear
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There are several reasons why AGI should consider Mercury Athletic as an appropriate target for acquisition. First‚ acquiring Mercury could improve both companies financially. Acquiring Mercury would double AGI’s revenue. Although Mercury’s financial performance has been disappointing‚ they experienced top line growth of 20% in 2006. Unfortunately‚ their profitability has been disappointing due to price concessions to big box retailers and an unsuccessful women’s line. Mercury’s (and ultimately
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Mercury Athletic Case Nicholas Thebeau‚ Student ID 50927830 Presented to: Professor Kevin Wall West Coast Fashions‚ Inc. (WCF)‚ a large designer and marketer of men’s and women’s branded apparel recently announced plans for a strategic reorganization. Active Gear‚ Inc. (AG)‚ a privately held footwear company‚ was contemplating an acquisition opportunity. John Liedtke‚ the head of business development for AG‚ was interested in a WCF subsidiary. The subsidiary that Liedtke and AG intended to
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“Mercury is used in dental fillings and can cause people to get sick. Tests show mercury levels can be detected in the mouth and so everyone should get their fillings replaced.” This urban legend is partially true in the sense that mercury is used to create the structure used in dental fillings‚ however there is a debate on whether or not this practice‚ which has been used in dental restoration since 1816 when Auguste Taveau developed the dental amalgam from silver coins and mercury is dangerous
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Mercury Mercury is called after the messenger of the Roman Gods. Mercury is 0.39 AU from the Sun. Mercury is 0.61 AU from the Earth. Mercury is quite a small planet. Its diameter‚ the distance right round its middle‚ is only 3‚031 miles or 4‚878 kilometres. Mercury’s average orbital speed is 48 km/s. Its orbit of the Sun lasts for only 87.96 days. Mercury only turns very slowly on its axis‚ taking 58.64 days to complete the turn from day to night. Mercury has an extremely thin atmosphere around
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Mercury: Both Mercury and Pluto are very small planets. Venus: Venus has acid rain on it and Pluto does not. Earth: Earth is habitable and has water While Pluto is too far away for heat to reach it Mars: mars is a Gas-Giant while Pluto is an Ice-Giant Jupiter: Jupiter is the largest planet while Pluto is so small it’s a dwarf planet Saturn: Saturn has rings while Pluto does not Uranus: All immature jokes aside Pluto and Uranus are both Ice-Giants A dwarf planet is a planetary objects
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