Narayanan. (1993). "Motives for Takeovers: An Empirical Investigation." Journal of Financial and Quantitative Analysis. • Elazar Berkovitch‚ M. P. Narayanan. (1990). "Competition and the Medium of Exchange in Takeovers." Review of Financial Studies. • Fabozzi‚ F.‚ & Modigliani‚ F. (Ed.). (1996). Capital Markets: Institutions and Instruments (2nd Ed.). New Jersey‚ Simon and Schuster Co.. • Journal of Finance (1995) "Initial Shareholdings and Overbidding in Takeover Contests.” • PR Newswire (Feb
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The Cold War was a time of heightened fear in the United States because there was the looming threat of a Communist takeover. People lived in a constant state of paranoia because anyone could have been a Communist‚ from their neighbor to their doctor‚ no one knew. One of the ways Americans believed Communism made its way into the United States was through brainwashing. The concept of brainwashing threatened the idea that each individual American has agency and is making decisions under his own control
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There are instances reported in the newspaper where the CEOs are sent to jail due to serious lapse in Agency-relationship problem. You are one of the board members of a public listed company. Discuss how‚ you would implement the necessary safeguards to prevent such instances happening in your company. 1.0 Suggestions to resolve Agency relationship problems. An agency relationship arises whenever individuals‚ known as principals‚ hire individuals‚ known as agents‚ to perform services and
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around 20% of the total value of M&As in the financial sector‚ whereas cross-border deals represented 45% of M&As in other sectors over the same period.2 Finance Ministers asked the Commission to examine possible explanations for this low level of pan- European restructuring specific to the financial sector‚ by reviewing the obstacles to cross-border M&As‚ in order to identify possible internal market failures‚ gaps or shortcomings. It should be stressed that the role of the Commission is to ensure
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1978 and General Foods in 1985. These acquisitions have had mixed results‚ with Philip Morris selling its Seven-Up operations in 1986 and General Foods having a declining profit from 1986 to 1987 of $624 million to $605 million. Why is Kraft a takeover target for Philip Morris The food industry is a growing one. For Kraft‚ in 1987 net sales were $9.9 billion which was an increase of 27% over the previous year.‚ and net income increased by 11% to $435 million. It is expected with an increasing
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1.Which wage standard for foreign sweatshops is supported by Ian Maitland? Market wages in the area where the sweatshop is located 2.Which description of a fair wage is most clearly based on utilitarian ethics? Wage that is based for the economy as a whole 3.Which standard for firing workers is known as “employment at will” For any good or bad cause or even with no reason at all 4.Which exception to employment at will is currently enforced by US law? Christian workers cannot be fired out
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When World War II(WWII) is mentioned people often think about the carnage and terrible loss of life around the world. Many of the lives taken were caused by Adolf Hitler’s hostile takeovers and attacks on other countries but Germany did not make significant impact on the United States decision to enter World War II. Even though they may have not been the reason why they entered the war‚ they were the U. S’s first target once they did join. On the other hand‚ Japan gave the United stated many reasons
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The pre hostile acquisition of Cadbury by Kraft Foods Compare and contrast the preferred styles of Irene Rosenfeld and Todd Stitzer in the context of the pre hostile acquisition of Cadbury by Kraft Foods. You should apply appropriate management and leadership theories to support your arguments. Consider first Irene Rosenfeld’s leadership Style. By referring to Hersey’s model of situational leadership model – adapted by JE Chamberlain from Mullins (2007:302) and Hersey et al (2000) followed on
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Grand Metropolitan PLC Company Background and Issues Grand Metropolitan PLC was a multinational holdings company that faced a hostile takeover threat in the late 1980’s and early 1990’s. The company specialized in wine and spirits. The headquarters for operation was in London‚ England at the time of this case. The major dilemma at hand is avoiding a takeover. The economy was bad at the time‚ and the company’s stock price was thought to be undervalued‚ as their low P/E ratio of 13.3 indicated
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success can not only attributes to their intelligence‚ hardworking or good education‚ but more importantly due to opportunities and timing. Being a Jewish immigrant‚ Flom was not able to obtain a job in first-tier law firms‚ so he had to do hostile takeover cases that turned out to be a prospective field in latter years. And his firm had significant advantage over old-line law firms‚ so it stood out for an unexpected success based on a fortuitous opportunity. The discussion on demographic trough
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