RATIONALE BEHIND M&A Motives There are two types of motives involved in merger and acquisition and these are Explicit and Implicit motives. Explicit Motives • Synergy: Synergy means that the merged firm will have a greater value than the sum of its parts as a result of enhanced revenues and the cost base. • Economies of Scale: Economic of scale refer to the reduction in unit cost achieved by producing a large volume of a product. Horizontal mergers aim at achieving economies of scale. This
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to anything; healthcare‚ food‚ etc which lead to a death. Why do we have such big groups of people in this term? First‚ because of the government‚ institutions and the people themselves. Government does not support those poor people as much as they should. Government does not provide health care for this people. Government does not give enough food for this people. Government does not make enough actions to become
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BUSINESS MATH Simple Interest and Simple Discount Business Math‚ Eighth Edition Cleaves/Hobbs © 2009 Pearson Education‚ Inc. Upper Saddle River‚ NJ 07458 All Rights Reserved 11.1 The Simple Interest Formula Find simple interest by using the simple interest formula. Find the maturity of a loan. Convert months to a fractional or decimal part of the year. Find the principal‚ rate or time using the simple interest formula. Business Math‚ Eighth Edition Cleaves/Hobbs © 2009 Pearson
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THE EXCHANGE OFFER6EVALUATION OF THE TRADE-OFF7REFERENCES10INTRODUCTIONA firm’s decisions about dividends are often mixed up with other financing and investment decisions. Some firms pay low dividends because management is optimistic about the firm’s future and wishes to retain earnings for expansion. Other firms might finance capital expenditures largely by borrowing. All the above are examples of dividend policies which can be defined more precisely as the trade-off between retaining earnings on the
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even know the exact reason they were being deployed. Derek Seidman’s article tells the world that soldiers did not know why they were actually fighting. The article states: Few knew why they were fighting; once they arrived in-country‚ the Cold War rationale for the war felt like a vapid abstraction. The “body count” strategy seemed perverse‚ and military victories brought no political headway. As the war went on‚ few wanted to be‚ as the saying went‚ the last soldier to die for a mistake. This attitude
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economic growth and the concept of “demographic dividend” emerged. Demographic dividend is defined as a rise in the rate of economic growth due to a rising share of working age people in a population. This phenomenon occurs with a falling birth rate and the consequent shift in the age structure of the population towards the adult working ages. It is also commonly known as the demographic gift or bonus or demographic window. The demographic dividend‚ however‚ does not last forever. There is a limited
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Essay Describe and evaluate the synaptic homeostasis model of sleep The synaptic homeostasis model of sleep (Tononi & Cirelli‚ 2003) explains memory consolidation as a by-product of synaptic downscaling that occurs during sleep. This essay will describe the synaptic homeostasis model of sleep and evaluate how valid its predictions are in the face of empirical research. According to this model‚ synaptic potentiation is associated with the homeostatic regulation of slow wave activity‚ which
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entering the discount retail industry‚ low switching cost of purchasing products at different stores for customers make the threat of new entrants seem fairly high. Yet‚ there is high capital needed in order to be comparative with current dominating companies in addition to the established customer relationships and customer shopping preferences in the current industry which ameliorate the high threat of new entrants. With the high number of distributed store locations of small or big discount retail stores
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Rationale of Scheme of Work The Hammond is a full time vocational training centre and offer courses in Musical Theatre (MT) or Dance (D). Both courses require ballet training‚ 5 times (D course) or 4 times (MT course) a week. The ballet training is split into 3 groups(A‚B and C) depending on different levels of ballet. The students are assessed to determine which group they go into in their two week induction course at the beginning of term. This scheme of work has been designed for level C group
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of theories regarding the relevance of dividend policy-discuss these theories. In what situations might management decide to increase dividends? Dividend Irrelevance Theory Much like their work on the capital-structure irrelevance proposition‚ Modigliani and Miller also theorized that‚ with no taxes or bankruptcy costs‚ dividend policy is also irrelevant. This is known as the dividend-irrelevance theory‚ indicating that there is no effect from dividends on a company’s capital structure or stock
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