the Vodafone Case We start of with making the calculations for the premium that Vodafone is going to pay for Mannesmann. We know that Mannesmann will own 47.2% of the equity of the newly combined company. This is 47.2% from € 275 375 million‚ which is €129 997 million. Vodafone is offering 53.7 shares of the value of December 17‚ so € 4‚957‚ for every share of Mannesmann. Mannesmann has 517‚9 million shares‚ so Vodafone would pay 517‚9 million * 53‚7 * € 4‚957 = € 137 860.3 million. This would
Premium Stock Stock market
possible for this case due to restriction in the form of regulation from Japanese government. There are two available options for Walt Disney‚ (7) creating a yen liability through loan from a Japanese bank‚ or (8) an ECU/yen swap proposed by Goldman Sachs. After calculating the IRR of each
Premium The Walt Disney Company Walt Disney Burbank, California
invested more in collapsing financial companies like Goldman Sachs‚ then went public demanding a bailout. The Treasury Department and Federal Reserve responded with program after program to keep troubled financial entities alive‚ some of them invented specifically for Buffet holdings like GE. Just two years later‚ thanks to the impact of the bailouts and the Fed’s programs‚ Berkshire stock rebounded sharply. Mr. Buffet’s investment in Goldman Sachs‚ which he himself admitted was a bet on the bailouts
Premium Wealth Federal Reserve System Berkshire Hathaway
Today I will talk about Facebook; it’s a very topical subject particularly since Facebook submit paperwork to regulators for an IPO‚ 1 month ago. But let’s start with a little part of history Histoire «From Harvard dorm room to all Canadian and US University : Mark Zuckerberg‚ 28‚ founded Facebook while studying psychology at Harvard University. Zuckerberg had already developed a number of social-networking websites for fellow students‚ including Facemash‚ where you could rate people’s attractiveness
Premium Facebook
Advanced Macroeconomics Assignment “The Takedown of Glass Steagall Act” Submitted By : Amanjot Singh Roll No : A006 Passed during the time of Great Depression‚ The Glass- Steagall Act of 1933 (officially known as The Banking Act) bared commercial banks from trading risky securities with their client’s deposits such that it will detach commercial banking from investment banking
Premium Bank Finance Federal Reserve System
Abstract Financial Innovation has been the backbone of our modern financial system. It has revolutionised the way we spend‚ receive and borrow money‚ however through the recent global financial crisis and negative connotations that have been attached to the term‚ people have doubted the positive notions it has had. It is important to distinguish between innovation itself and how it can be used or misused. Recent Financial Innovation has thwarted real economic growth and has been the blame for the
Premium Economics
Overview Enron Corporation‚ once the 7th largest company in US and a global leader of electricity and natural gas industries‚ filed for bankruptcy protection in late 2001. It was revealed that the company had been hiding investment losses and created fictitious revenue through several complicated accounting gimmicks. Besides Enron’s senior management who created the whole fiasco‚ many people believed that several other parties‚ such as the Board of Directors and the external auditors should also
Premium Enron Business ethics Management
emerged from areas outside the developed world. These new markets such as the BRICs and the MISTs have large populations‚ high economic growth and increasing demands for goods. Also‚ they are expected to surpass the developed economies by 2050 (Goldman Sachs‚ 2003). According to Jagdish N. Sheth‚ the emerging markets have impacted both the theory and the practice of marketing. The reason is very simple; marketing is a discipline that was developed in the concept of industrialized (developed) markets
Premium Developed country Marketing
ECONOMIC MELTDOWN IN INDIA AND THE US Monjoree Barua Perhaps never before in recent history‚ has any economic development been so talked about as the ongoing ‘economic meltdown’. As it is clear no one person or institution ever understands the world economic network and functioning completely. Naturally‚ the fault could not be detected until the symptoms proved beyond repair. The sudden collapse of global finance giants like Lehman Brothers‚ AIG and battering of numerous
Premium Investment Economics Economy
The Clinton era (1990s) worked as a bridge between the Wall Street and the government. More and more Wall Street CEOs gained access to the government‚ taking up administrative positions like 2 • Robert Rubin On Wall Street: Chairman and COO of Goldman Sachs For the Government: Secretary of Treasury under Bill Clinton Laura Tyson On Wall Street: Board director of Stanley Morgan For the government: Chair of the US President’s Council of Economic Advisers during the Clinton Administration. She also served
Premium Financial services Bank Subprime mortgage crisis