MERGERS AND ACQUISITIONS Master of Science in Finance. TEACHER: ANTÓNIO BORGES ASSUNÇÃO CASE 2 Sun Microsystems 6TH MARCH 2014 CASE REVIEW As Shelton (1988) said strategic fit exists when two companies are able to create value that would be created if they were trying to reach the same goals separately. The IT industry is extremely competitive and companies are always searching for new ideas and new ways to evolve to be constantly one step ahead of its competitors
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Valuation: Basics! Aswath Damodaran Aswath Damodaran! 1! Approaches to Valuation! Intrinsic valuation‚ relates the value of an asset to the present value of expected future cashflows on that asset. In its most common form‚ this takes the form of a discounted cash flow valuation. Relative valuation‚ estimates the value of an asset by looking at the pricing of ’comparable’ assets relative to a common variable like earnings‚ cashflows‚ book value or sales. Contingent
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Australian School of Business School of Accounting ACCT5910 BUSINESS ANALYSIS AND VALUATION Course Outline Semester 2‚ 2013 Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 2 STAFF CONTACT DETAILS COURSE DETAILS 2 2 2 2 2 2 3 3 4 4 4 5 5 5 7 7 8 9 9 9 9 9 9 1 1 1 1 2 2 2 2 2 3 2.1 Teaching Times and Locations 2.2 Units of Credit 2.3 Summary of Course 2.4 Course Aims and Relationship to Other Courses 2.5
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support your recommendation. As you prepare this report‚ you may find that you would like to have more field information than what the case offers you. However‚ the case contains critical information that gives you a reasonable basis to compute its valuation. In addition use the following information for 1995.1 Sales ($ millions) Redhook Pete’s BBC 25.89 59.17 151.31 EPS .75 .25 .40 Book value/share 7.70 4.33 3.00 Price 27.00 24.75 ? Also‚ use the following information for BBC for 1996. Make additional
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|Net operating loss/credit carry forwards | $ 2‚538 | $ 240 |958% | |7 |Other | $ 636 | $ 364 |75% | |8 |Valuation allowance | $ (742) | $ (197) |277% | | |Total deferred tax assets | $ 7‚675 | $ 3‚562 |115% | | |Deferred
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Subsidiary acquired + net adjustments to fair values (ie. Fair value of asset less carrying amount – 30% for tax) Goodwill = Consideration transferred LESS Net Fair Value of Identifiable assets and liabilities Step 1: Adjust for Business Combination Valuation Entries We need to adjust the carrying amount of the subsidiaries assets and liabilities so that they are recognised at Fair Value at the time of the acquisition. Remember‚ this is for the purposes of the consolidated accounts – the Subsidiary’s
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specifically prescribes the treatment of income taxes of corporate entities and guidance for how deferred taxes should be recorded either an asset or a liability in the financial statements. It also provides assistance in certain cases requiring a valuation allowance to be used to reduce the carrying value of any deferred tax asset for which it was “ more likely than not” that the asset would not be realized. The main reason behind the issue is the impact of cut-throat competition in the telecom
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Seminars focus on developing areas within the business and publishing worlds. Aspatore Books is a privately held company headquartered in Boston‚ Massachusetts‚ with employees around the world. TERM SHEETS & VALUATIONS An Inside Look at the Intricacies of Term Sheets & Valuations By‚ Alex Wilmerding If you are interested in licensing the content in this book (for publications‚ web sites‚ educational materials)‚ purchasing bulk copies for your team/company‚ or for sponsorship‚ promotions
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SURVEY ON CUSTOMER SATISFACTION AND INTRODUCTION OF NEW VENTURES F Through QUALTRICS ONL PROJECT UNDERTAKEN BY 1. Kindly mention the name of the organization you are working with. Text Response TATA CAPITAL Munish Taneja‚ GE Capital Shriram Tata Capital Financial Services Ltd TATA CAPITAL FINANCIAL SERVICES LIMITED Tata Capital Financial Services Ltd Reliance Capital Ltd BAJAJ FINANCE LTD Reliance Capital Limited ZENITH CREDIT LIMITED Reliance Capital Ltd tata motors finance
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changing at all for decades‚ the startup funding business is now in what could‚ at least by comparison‚ be called turmoil. At Y Combinator we’ve seen dramatic changes in the funding environment for startups. Fortunately one of them is much higher valuations. The trends we’ve been seeing are probably not YC-specific. I wish I could say they were‚ but the main cause is probably just that we see trends first—partly because the startups we fund are very plugged into the Valley and are quick to take
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