acquisition of the Torrington Company. Your task is to write a report that will address their questions and concerns‚ in particular: 1. 2. 3. 4. How does Torrington fit with the Timken Company? What are the expected synergies? What is your stand alone valuation of Torrington? What is your with-synergies valuation of Torrington? Should Timken be concerned about losing its investment-grade rating? How do Timken’s financial ratios compare with those of other industrial firms in 2002? How would those ratios change
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1. Do you think Mercury is an appropriate target for AGI? Why or why not? Mercury is an appropriate target for AGI. AGI is looking to increase its revenue and profit by utilizing synergies. The initial aim of AGI for acquiring Mercury Athletics is to increase leverage with contract manufacturers and to boost the cooperation with the retailers and distributors. AGI was one of the most profitable and successful companies in the market segment‚ but the firm’s size remained rather small in comparison
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consistent with acquisition strategy? Motive Will acquiring Nicholson reduce instability in EPS? Will it help stock price reflect true value? Coopers motivation for acquisition Five motives for acquisition Undervaluation Diversification Synergies Control Management self-interest Past acquisition strategy/motives Diversification Decrease instability in EPS Cyclical nature of sales Fluctuating oil price 4 acquisitions between 1959-1966 Cooper Industries‚ Inc First to show an
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Of E2.5b Financing Of E2.5b LBO Raider Tender offer E70/shr Owns 8.3% has E6b capital ??? Target Food Div. Chemical Div. Operates company Owns 10% Target management Own 60%+ shrs Arbitrageurs Potential Synergy Friends‚ CEOs sit on each others’ boards White Knight 1 Case Schedule • Week 7 – Team Meeting – Valuation • Week 8 – Valuation report due before negotiation Valuation report due before negotiation – Negotiation between teams
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Table of Contents 1. Executive Summary 2. Introduction 3. The history of Cyworld & SK Communications 4. The industry of Cyworld & SK Communications 5. Background of the M&A 6. The process of the M&A 7. Results of the M&A 7.1. Synergy effect between the messenger ‘Nate on’ and ‘mini homepage’ 7.2. CSR (Corporate Social Responsibility) marketing 7.3. Increasing the Profit through the differentiated profit-making model with other competitors 7.4. Successful harmony of corporate
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PERRIER‚ NESTLÉ‚ AND THE AGNELLIS Gulleroglu|Mbewe|Shkreta|Secilmis 24 April 2013 Summary Perrier S.A‚ the world’s largest mineral water company is facing financial and reputational difficulties due to a recent scandal where benzene was found in its products The prominent Italian family The Agnelli’s‚ who own Fiat SpA‚ see the opportunity to take over Perrier They are bidding indirectly through two French companies‚ Exor who has 35.5% of controlling votes in Perrier and Saint Louis
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Persuade Influence There are two routes to advertising: CENTRAL ROUTE- This advertising requires direct facts and logics and appeals to the needs‚ involvement and motivation of the consumer. PERIPHERIAL ROUTE: This adverting uses cues like attractive slogans‚ brand ambassadors usually film stars‚ colors‚ stories‚ emoticons‚ etc.It appeals to the greed‚ cognitive style‚ culture and uses various factors to draw attention. Colors play a very important role in creating logos and advertisements- LET
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“Well-Behaved Women Seldom Make History” is a slogan from an essay by Laurel Thatcher Ulrich has a large meaning on women in society. This statement is eye catching and goes in to great detail on perceptions of women from the past and present. As women we are defined by what we do and what we say. We are judged as mothers‚ caretakers‚ and workers. Our own children one day will look back and describe their childhood with their mothers in it. In fact‚ you can see this statement on a flask sold off
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also launched via taxi cabs and subway train stations. MALACAÑANG PHOTO The country’s new tourism slogan‚ “It’s more fun in the Philippines‚” is gaining more positive reactions among Filipinos since its launch in January this year. Based on the results of a tracking survey conducted by independent research firm Ipsos ASI Philippines‚ the overall likeability of the Philippines’ tourism slogan even improved in March at 92 percent from only 87 percent in February. These responses came from the
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get drawn to products with catchy advertising. In relation‚ when referring to company names and slogans‚ Bill Bryson claims‚ “First. It is short. Second. It is not capable of mispronunciation.” (398). Companies such as Nike‚ Adidas‚ and Reebok continually verify that Bryson is stating the truth. Through having this knowledge‚ sporting goods companies gain loyal‚ lifelong‚ customers by having simple slogans and memorable endorsers. I know from my personal shopping experience that if I see a logo that
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