A decade ago‚ America has witnessed its biggest merger of their history when AOL and Time Warner merged for an all stock deal with a combine value of $ 350 billion which also created the world’s largest media and Communication Company‚ but today I want to re-examine this ill-fated deal and try to explore what went wrong. In an initial statement about this merger and probabilities of new company it was stated that this merger will lead to a speedy development and growth for all its businesses. It
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Statement of Purpose________________________________________ As Ray Kurzweil describes in his book “The Singularity is Near”‚ we are on the verge of entering into ‘Epoch 5’ – The Merger of Human Technology with Human Intelligence. Imagine a day when it will be possible to scan the brain from the inside using nanobots! In the decades ahead‚ I foresee computer science being used to create new breakthroughs in all realms of science and technology. For instance‚ using advanced software for mining vast
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On February 2‚ 2010 Kraft and Cadbury‚ two leading firms in the snack industry finalized their merger decision after five months of negotiation. In this report we will examine why it made strategic sense for the two companies to combine and evaluate the performance of the combined companies since its merger. In particular we will analyze the post-merger financial statements and highlight a few points regarding the accounting. INTRODUCTION OF KRAFT AND CADBURY Kraft Foods Inc. (KFT) is the
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Merger of Union Planters Corporation and Regions Financial Corporation On Friday‚ January 23‚ 2004 Union Planters Corporation and Regions Financial Corporation announced they would merge. This will create the twelfth largest holding company in the United States. This merger was deemed the merger of equals (Hillard‚ 1/26/2004‚ para. 2). The stockholders of both companies overwhelming voted for the merger on June 8‚ 2004 (Morgan‚ 6/17/2004‚ para. 2). On June 17‚ 2004 the merger received approval from
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Graduate School of Business Administration University of Virginia UVA-F-1274 METHODS OF VALUATION FOR MERGERS AND ACQUISITIONS This note addresses the methods used to value companies in a merger and acquisitions (M&A) setting. It provides a detailed description of the discounted cash flow (DCF) approach and reviews other methods of valuation‚ such as book value‚ liquidation value‚ replacement cost‚ market value‚ trading multiples of peer firms‚ and comparable transaction multiples. Discounted
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Global Executive MBA – FGV (2015) Course 303: Mergers and Acquisitions Professor: Hsia Hua Sheng Department: Accounting‚ Finance and Controls‚ Module: 3/2015 Assignment # 1 The merger between Hewlett Packard and Compaq Local Team 2 Mark Hollenstein Andre Nadjarian Glasson Fonseca Patricio Ducó Jan 8th ‚ 2014 1. What would a SWOT analysis of HP and Compaq reveal? Hewlett Packard Compaq The main takeaway from this analysis is that the macro environment was tough‚ especially
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Failures of mergers and joint ventures In recent years‚ the number of mergers and joint ventures has gone up. The fact is that many companies want to expand their business in order to get advantages such as increase in revenue‚ a cut in cost in general. However‚ the main reason for the integration of organisations is due to a competitive world that they must face. Unfortunately‚ the side effect is that many mergers and joint ventures often break up‚ and it is claimed that 40% of mergers and joint
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Project TATA CORUS MERGER A report submitted to ISB&M‚ Delhi Campus as a part fulfillment of Full time Postgraduate Program in Business Management. Abhishek Kumar ENR NO.: 1101 Batch: 2005-2007 E-mail: abhi.k.chaudhary@gmail.com International School of Business & Media‚ Delhi 7th Floor‚ Aggarwal Millennium Tower Netaji Subhash Place‚ Wazirpur District Centre‚ Pitampura‚ Delhi 110 034 Index |Serial No. |Topic
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The Agency Problem and Control of the Corporation‚ Mergers and Acquisitions The Agency Problem and Control of the Corporation Corporate managers are the agents of shareholders. This relation creates a problem for shareholders who must find ways to induce managers to pursue shareholders interests. Financial managers do act in the best interest of the shareholders by taking action to increase the stock value. However‚ in large corporations ownership can be spread over a huge number of stockholders
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Mergers & Acquisitions Outline How do lawyers create value? • Protect interests/value • Reduce risk/uncertainty (which affect valuation)‚ increasing options Laws That Affect Mergers • Corporate Law – creating entities to allocate risk; who gets to decide o State law: determined by state of incorporation o Statutes and judicial decision • Securities Law – disclosure o Federal law • Antitrust Law – restraints of trade o Federal
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