Berkovitch‚ E.‚ Narayanan‚ M.P. (1993). Motives for Takeovers: An Empirical Investigation. The Journal of Financial and Quantitative Analysis‚ 28 (3)‚ 347-362 Brouthers‚ K.D.‚ van Hastenburg‚ P.‚ van den Ven‚ J. (1998). If Most Mergers Fail Why Are They so Popular? Long Range Planning‚ 31 (3)‚ 347-353 Burkart‚ M.‚ Panunzi‚ F. (2006). Takeovers. ECGI - Finance Working Paper‚ 188 Cebenoyan‚ A.S.‚ Papaioannou‚ G.J.‚ Travlos‚ N.G. (1992). Foreign Takeover Activity in the U.S. and Wealth Effects for Target
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CHAPTER 1 AN OVERVIEW OF FINANCIAL MANAGEMENT (Difficulty: E = Easy‚ M = Medium‚ and T = Tough) Multiple Choice: Conceptual Easy: Firm organization Answer: c Diff: E [i]. Which of the following statements is true? a. One of the benefits of incorporating your business is that you become entitled to receive unlimited liability. b. Sole proprietorships are subject to more regulations than corporations. c. Sole proprietorships do not have to pay corporate
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Question 1: Behavioural predictions a. Morton feels accountable for his own behaviour and more involved with his job. This trait is also known as “Locus of control”‚ which deals with the degree to which people feel accountable for their own behaviour. Because Morton likes to feel in control and to be able to determine his own actions‚ his characteristics can be described as having internal locus of control. Morton demonstrates higher levels of motivation and has more positive experiences at work
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willing for merger or not. Yet‚ he is quite sure that CCI’s managers didn’t have discussions with anyone else about a merger. That’s a good point for CompuTech. Whether CompuTech should make an offer and if so should it be friendly deal or hostile takeover will be analysed in this paper. Besides from these‚ there will be suggestions about the value of an offer and how they should make a payment. To sum up‚ M&A from all dimensions is the
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With the development of social economy‚ the competitions between the enterprises become more and more fierce. In the market economic ages‚ the mergers and acquisitions between companies are very common. The mergers and acquisitions are a way which company can get more rights to control another company by buy shares and funds. Also there are lots of problems in mergers and acquisitions such as the element of risk and whether the mergers and acquisitions are helpful to economic market. This essay will
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Meaning Of Amalgamation When two or more companies carrying on similar business go into liquidation and a new company is formed to take over their business‚ it is called amalgamation. In other words‚ amalgamation refers to the formation of a new company by taking over the business of two or more existing companies doing similar type of business. In amalgamation‚ two or more companies are liquidated and a new company is formed to take over the business of liquidating companies. The companies which
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Executive Summary On December 17‚ 1999‚ Vodafone AirTouch‚ one of the leading international mobile telecommunications companies in the UK‚ launched a formal hostile bid for Mannesmann‚ one of its largest peer companies based in German. Mannesmann has just acquired another large UK wireless operator‚ Orange. Vodafone first offered Mannesmann €138 billion‚ or €266/share‚ which is way higher than its valuation a few weeks ago. But Mannesmann rejected this tender offer and asked for €350/share. Vodafone
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erstwhile British Steel Major at a price of 608 pence per Corus share totaling $12.1 billion/ Rs 54‚000 crore/ £6.1 bn‚ which was five pence per share higher than the offer of Brazil’s CSN (Companhia Siderugica Nacional). The deal is the largest Indian takeover of a foreign company‚ and creates the world’s fifth-biggest steel company from the present 56th rank. Benefits of TATA-CORUS merger deal to the stakeholders of TATA Steel Short-Term Implications Investors with a one-to-two year perspective may
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1992‚ and the guidelines/rules/regulations made thereunder govern M&A transactions involving public companies listed on a recognized stock exchange. In particular‚ the SEBI (Substantial Acquisition of Shares and Acquisitions) Regulations‚ 1997‚ (‘Takeover Code’) regulates transactions involving acquisition of shares that are traded over the stock market (but exempts schemes of amalgamation approved under the provisions of the Companies Act). The Listing Agreement that companies enter into with recognised
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Examine the reasons that led Oracle‚ one of the world’s leading software companies‚ acquire PeopleSoft. There are several reasons that made Oracle to acquire PeopleSoft. First‚ Oracle wanted to acquire PeopleSoft so that they can become stronger in developing the products that the company had difficulties developing. It was already evident that PeopleSoft was already developing some products that had not match within the software market. For example‚ PeopleSoft had advanced customer relationship
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