Maverick Lodging Case Study Notes * 1/2000: VP of Asset Management (Cindy Baum) was reviewing the 1999 balanced scorecard results for Maverick Lodging; she had developed & implemented the balanced scorecard throughout 1998 * 1999: first full year of results using the balanced scorecard approach * Designing a balanced scorecard had been a considerable challenge because of the complicated nature of the hotel industry * Maverick Lodging: managed hotels on behalf of 3rd party
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Expansion and Merger ECO 550 Explain why government regulation is needed‚ citing the major reasons for government Involvement in a market economy. It is vitally important for all companies and organizations to be sure the required government and legal regulatory authorities are involved anytime a merger or expansion is in the works. There is a wide-range of requirements that authorizes the government to intervene in any action that could lead towards a merger and/or acquisition
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Merger Fundamentals Firms sometimes use mergers to expand externally by acquiring control of another firm. The objective for a merger should be to improve the firm’s share value‚ a number of more immediate motivations such as diversification‚ tax considerations‚ and increasing owner liquidity frequently exist. Sometimes mergers are pursued to acquire specific assets owned by the target rather than by a desire to run the target as a going concern. Mergers‚ Consolidations‚ and Holding Companies
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UNEQUAL EXCHANGE: DEVELOPING COUNTRIES IN THE INTERNATIONAL TRADE NEGOTIATIONS Julio J. Nogués Revised Draft April 2002 Paper prepared for the Murphy Institute Conference on “The Political Economy of Policy Reform” in honor of J. Michael Finger. 2 UNEQUAL EXCHANGE: DEVELOPING COUNTRIES IN THE INTERNATIONAL TRADE NEGOTIATIONS Table of Contents I. INTRODUCTION II. ECONOMIC INTERESTS OF EFFICIENT AGRICULTURAL PRODUCERS IN TRADE NEGOTIATIONS 1. 2. 3. 4. 5. Agricultural protection and exports Agricultural
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Cost of Capital Lodging Division Tax Rate 0.44 Equity Beta D/D+S Lodging Hilton Holiday La Quinta Ramada Average 0.76 1.35 0.89 1.36 1.09 14% 79% 69% 65% 0.5675 S/D+S 86% 21% 31% 35% 0.4325 D/S Unlevered Beta 0.16 3.76 2.23 1.86 2.00 0.65 0.28 0.28 0.48 0.42 Target D/D+S Target D/S Levered Beta 74% 2.85 1.62 Costs of Equity: Rf Lodging MRP 8.95% 7.43% Beta Requity 1.62 21.02% Costs of Debt: Rf Lodging 8.95% Spread Tax rate Rdebt(1-T) 1.10% 0.44 0.0563 WACCs: Lodging Target D/D+S
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sells pharmaceutical products. It has a wide range of products which are sold in more than 125 countries. One of the reasons this company is very successful even in such a competitive industry‚ is that they are very competent in managing strategic mergers and acquisitions. By collaborating with other pharmaceutical firms‚ Lilly continues to maintain its leader position in researching and developing medicine. Their major strategy is the development of new products. Therefore‚ even why they are most
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Introduction Mergers and acquisitions (M&A) and corporate restructuring are a big part of the corporate finance world. Every day‚ Wall Street investment bankers arrange M&A transactions‚ which bring individual companies to collectively form larger ones. When they ’re not creating big companies from smaller ones‚ corporate finance deals do the reverse
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Topics Covered |Class |Title |Concepts |Tools | |11. | |Components of Demand |Moving Average | | |Forecasting |What/when to forecast |Exponential Smoothing | | | |Time Series
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International Negotiations: United States vs. North Korea International Negotiations: United States vs. North Korea It’s no secret over the last ten years that relations between the United States and North Korea have been anything but friendly. North Korea-specifically Pyongyang-has had a history of controversy; particularly their “use of nuclear brinkmanship and reports of violations of human rights and general disregard for the well-being of the North Korean people‚ as exemplified by its
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Mergers & Acquisitions + = Branding as an engine for mergers and acquisitions MetaDesign Unit 2601‚ Zhongyu Plaza A6 Gongti North Road 100027 Beijing +86·10·85 23 57 88 www.metadesign.cn Leibnizstraße 65 10629 Berlin +49·30·59 00 54·0 www.metadesign.de Grafenberger Allee 100 40237 Düsseldorf +49·211·69 07 87·0 www.metadesign.de 615 Battery Street San Francisco‚ CA 94111 +1·415·627 07 90 www.metadesign.com Klausstrasse 26 8008 Zürich +41·44·560 34·00 www.metadesign.ch Mergers and acquisitions
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