Tourism Management 22 (2001) 11}19 Integrating the tourism industry: problems and strategies George La!erty *‚ Anthony van Fossen Graduate School of Management‚ University of Queensland‚ St Lucia‚ Queensland 4072‚ Australia School of Humanities‚ Grizth University‚ Nathan‚ Queensland 4111‚ Australia Received 6 September 1999; accepted 15 December 1999 Abstract This paper addresses two interrelated issues in tourism development: horizontal integration within tourism’s component sectors
Premium Pan American World Airways Airline American Airlines
Assignment A Q1.Explain process involved in opening demat a/c of any bank Ans. In India‚ shares and securities are held electronically in a Dematerialized (or "Demat") account‚ instead of the investor taking physical possession of certificates. A Dematerialized account is opened by the investor while registering with an investment broker (or sub-broker). The Dematerialized account number is quoted for all transactions to enable electronic settlements of trades to take place. Every shareholder
Premium Finance Investment Banking
Corporate Finance Xudong Huang Homework Assignment No.1 Xi Huang Oct 23‚ 2012 Vasudha Nukala Ji Qi Executive Summary UST Inc. has historically been one of the most profitable companies. Profitability stems from its commanding market share‚ strong name brand recognition‚ historical pricing flexibility‚ and growing smokeless
Premium Finance Economics Investment
Interco’s overall operations and cause the equity markets to undervalue its common stock. Case Page 4. 2) To deter any unwanted third- party acquisition‚ the board voted on July 11‚ 1988‚ to amend Interco’s shareholder rights plan‚ making any hostile takeover of the company prohibitively expensive. Case Page 4. 3) Interco had retained Wasserstein Perella pursuant to a unique compensation contract that offered a substantial contingency fee of $3.7 million payable to Wasserstein Perella once City Capital
Premium Stock Stock market
have to find out and figure out how to make an amendment to maximize growth and profit. For example‚ hostile takeover could change the entire culture of any organization. The question is why did Concord Bookshop organizational change process not quit successful? Why did the workers become bitter about the process that took place? In case of Concord Bookshop‚ it was not a hostile takeover‚ but the Board led by President Morgan “Kim” Smith made a drastic decision that a new general manager
Premium Change management Organization Health care
INTRODUCTION Corporate governance is the framework of rules and practices by which a board of directors ensures accountability‚ fairness‚ and transparency in a company ’s relationship with its all stakeholders (financiers‚ customers‚ management‚ employees‚ government‚ and the community). The corporate governance framework consists of (1) explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities‚ rights‚ and rewards‚ (2) procedures for reconciling
Premium Corporate governance Stock Stock market
1. Several factors have made Interco an attractive takeover target: 1) Interco’s stock is undervalued due to poor performance in the apparel and general merchandising divisions‚ which have weakened Interco’s valuation as a whole. 2) As stated by the equity analysts‚ Interco is an over capitalized company with potential to grow‚ which makes an acquisition easy to finance. 3) Interco is also a cash generative target for a potential acquirer as it generates approximately $0.10 of operating cash flow
Premium Cash flow Stock Fiduciary
leader in construction materials‚ but was marred by disagreements over executive succession‚ location of new headquarters and the stock exchange proposed by Martin Marietta. Furthermore‚ as negotiations deteriorated Martin Marietta attempted a hostile takeover of Vulcan and also tried to get its directors appointed to Vulcan’s board. However‚ a court ruling determined that Martin Marietta was in breach of its NDA by using numbers determined from its merger valuation to determine the latest bid. In
Premium Stock market Stock
Cash Flow Theory of Takeovers: A Financial 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
Premium Corporate finance Stock Stock market
From 2005 to 2010: consolidation‚ convergence and first bundled offers[edit] 2005 was marked by two important events for Belgacom: the launch of Belgacom TV and the takeover bid on Telindus. The first signs of digital TV in Belgium appeared in 2004‚ when Belgacom started its first digital TV tests in a few hundred homes. In May 2005‚ the Belgian operator took the market by surprise when it acquired the rights to broadcast professional Belgian football (D1 & D2) for the next three seasons through
Premium Belgacom