The Wealth Effect of Cross-Border Mergers and Acquisitions in the Chinese Financial Sector Abstract This paper investigates the short-term wealth effects on foreign acquirers and Chinese targets involved in 37 cross-border mergers and acquisitions (M&As) in Chinese financial sector during the period 1990-2005. The intra-industry effects of significant cross-border M&As are then analyzed by examining the wealth effects on the rivals of Chinese target firms. The empirical results show that
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ng ki Smartp hones or w t e n al h a hea The Mobile payments metamorphosis begins Digital monetization Smartphones Digital cable Expansion of tier 2 and 3 cities Portals Home Video tr s tres i FICCI-KPMG oc S Niche content Indian Media and Entertainment Tablets Mobile advertising Tablets High definition E-books Tablets Smartphones Industry Report 2012 3D exhibition Digital cable Pay TV Portals Online applications Social networking Digitization of
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Question 4 (25 marks) Golden Golf Inc. has been in merger talks with Birdie Golf Company for the past six months. After several rounds of negotiations‚ the offer under discussion is a cash offer RM550 million for Birdie Golf. Both companies have niche markets in the golf club industry‚ and both believe that a merger will result in synergies due to economies of scale in manufacturing and marketing‚ as well as significant savings in general and administrative expenses. Bryce Bichon‚ the financial
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Intermediaries involved in an IPO Process An IPO stands for Initial Public Offering – the first time a company offers shares to the various sections of the investor population in our country. In the primary market when a share is issued/ offered to public‚ the money that we pay towards the share goes directly to the promoters of the company. An IPO is a process where the promoters of a company issue shares to the public to raise money to expand and run their business more effectively. Once
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Table of Contents 1. INTRODUCTION 2 2. INDUSTRY 2 3. MAJOR MACROECONOMIC ENVIRONMENT 4 4. MOTIVATION TO CHOOSE THIS SECTOR 5 5. ACCOUNTING POLICIES 5 5.1 Accounting Policies of Cipla 5 5.2 Comparison of accounting policies of Cipla with other players 8 6. ANALYSIS OF RATIOS 11 6.1 Liquidity Ratios 11 6.2 Solvency Ratios 13 6.3 Profitability Ratios 15 6.4 Efficiency or Turnover Ratios 19 7. DUPOINT ANALYSIS 22 8. VALUATION 23 9. CONCLUSION 24 10. REFERENCES
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has their own dedicated target market. Few of them only work in rural sector while others in both rural as well as urban. Many even are only catering in cities. Some are of Indian origin and some are foreign players. India’s economy has been one of the stars of global economics in recent years. It has grown by more than 9% for three years running. The economy of India is as diverse as it is large‚ with a number of major sectors including manufacturing industries‚ agriculture‚ textiles and handicrafts
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Impact of Mergers and Acquisitions on Employee Motivation- Telecommunication Merger in the UK A case of T-Mobile and Orange Mobile Merger Abstract Over the past one decade‚ mergers and acquisitions increased at a record rate globally‚ especially in the United States. The telecommunication sector experienced no exclusion to this phenomenon and the three major telecommunication mergers included MCI and Verizon‚ Sprint and Nextel‚ and BellSouth and AT&T. As a result‚ the telecom playfield
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Perspective on Mergers and Acquisitions and the Economy Michael C. Jensen Harvard Business School MJensen@hbs.edu © Michael C. Jensen‚ 1987 “The Merger Boom”‚ Proceedings of a Conference sponsored by Federal Reserve Bank of Boston‚ Oct. 1987‚ pp.102-143 This document is available on the Social Science Research Network (SSRN) Electronic Library at: http://papers.ssrn.com/ABSTRACT=350422 The Free Cash Flow Theory of Takeovers: A Financial Perspective on Mergers and Acquisitions and the Economy
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do the Asian and Indian FMCG markets look like? p2/Defining innovation p3/The FMCG innovation imperative p4/ How does FMCG innovation differ between China and India? p7/Concluding commentsp8 The Indian FMCG sector The innovation imperative What do the Asian and Indian FMCG markets look like? Rising incomes‚ escalating demand‚ new products: FMCG perspectives in Asia‚ including India Asia’s FMCG market Selected FMCG trends in Asia* India’s FMCG market Selected FMCG Trends in India
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958 The Impact of Mergers & Acquisitions on IT Governance Structures: A Case Study Pauline O. Chin Florida Atlantic University‚ USA George A. Brown Technologies Consultant‚ Jamaica Qing Hu Florida Atlantic University‚ USA Chapter 2.32 ABSTRACT Developing information technology (IT) governance structures within an organization has always been challenging. This is particularly the case in organizations that have achieved growth through mergers and acquisitions. When the acquired organizations
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