Overview of Active Gear: 1. Active Gear is a relatively small athletic and casual footwear company $470.3 million of revenue and $60.4 million of EBIT compared to typical competitors that sold well over a $1.0 billion annually Company executives felt its small size was becoming more of a disadvantage due to consolidation among Chinese contract manufacturers. Specialty athletic footwear that evolved from high performance to athletic fashion wear with a “classic” appeal. Casual/recreational footwear
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consists of the sun and nine planets. Mercury is the closest planet to the sun. Mercury was named after the Roman God of Commerce and Thievery. It might have gotten its name because of the way it quickly appears and disappears from Earth’s view. Mercury is the second smallest planet in the solar system; Pluto is the only planet that is smaller. Earth’s diameter is about 7‚200‚ while tiny Mercury has less than half of that size‚ about 3‚000 miles in diameter. Mercury‚ a planet‚ is smaller than Ganymede
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Mercury Athletic Footwear: Valuing the Opportunity Terran Knox Measurements II MBA-634 Northwood University DEVOS Program Dr. Adam Guerrero 4 March‚ 2015 Problem Statement Mercury Athletic is the footwear division of West Coast Fashions (WCF)‚ a designer and marketer of men’s and women’s apparel. Due to unspectacular financial reports‚ the division was going to be sold. John Liedtke‚ the head of business development for Active Gear‚ Inc.‚ (AGI) looked to acquire Mercury from WCF‚ believing
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divisions: Mercury Athletic with $431.1 million revenue in 2006. AGI is very profitable but it is smaller than other competitors‚ which is becoming a competitive disadvantage‚ so that AGI saw it has a possible opportunity for growth via acquire Mercury Athletic which represents a similar market share in the mature‚ highly competitive industry. Executive Summary There are several reasons why Mercury Athletic is an appropriate target for AGI since an acquisition. Firstly‚ AGI and Mercury are dealing
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RE: Mercury Athletic valuation and acquisition recommendations We believe that Mercury is an appropriate target for AGI since an acquisition can be an excellent growth opportunity. First‚ through the acquisition AGI can take the advantages of some existing synergies. Acquiring Mercury would expand AGI’s business size and consequently produce the “one plus one is greater than two” effect. This acquisition would double AGI’s revenues‚ increase its leverage with contract manufacturers‚ and also help
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Mercury Athletic Footwear Valuing the Opportunity [Author] CASE ANALYSIS Mercury Athletic Footwear Table of Contents 1. Is Mercury an appropriate target for AGI? Why or why not? ............................ 3 2. Review the projections by Liedtke. Are they appropriate? How would you recommend modifying them? ....................
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“Mercury is used in dental fillings and can cause people to get sick. Tests show mercury levels can be detected in the mouth and so everyone should get their fillings replaced.” This urban legend is partially true in the sense that mercury is used to create the structure used in dental fillings‚ however there is a debate on whether or not this practice‚ which has been used in dental restoration since 1816 when Auguste Taveau developed the dental amalgam from silver coins and mercury is dangerous
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Mercury Athletic Footwear Ashutosh Dash Firm Value & Cash Flow Unlevered Free Cash Flow • FCF = EBIT (1-t) + DEP - ∆NWC - CAPEX Or • FCF = EBIT (1-t) - ∆NFA - ∆NWC • EBIT (1-t) or NOPAT is debt free income • Where do we pick up the interest tax shield? • Estimating FCF requires – Developing a reorganized Balance Sheet A Complex Reorganized Balance Sheet Assets Excess Cash NWC Liabilities 000 Debt 104117 Others 000 000 NFA (PPE) 32618 Hybrids Others 77332 Equity 214067 214067 Capital
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Mercury shares its name not only as an element but as Planet. Its name transcends other elements‚ perhaps due to its mystical appearance and composition. Mercury is one of the only metals that is liquid in room temperature. (Excluding Gallium since its achieves liquid state at a slightly higher temperature than room temperature which is great for pranking.) Mercury is also known as a quicksilver due to its mesmerizing appearance as a liquid like silver. It was also formerly known as hydrargyrum‚
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What is mercury? Mercury (Hg) is a naturally occurring element that is found in air‚ water and soil. It exists in several forms: elemental or metallic mercury‚ inorganic mercury compounds‚ and organic mercury compounds. It is a shiny metal‚ silver-white color‚ volatile and odorless liquid metal. The exposure to mercury can affect and harm human health‚ environmental and wildlife. How is mercury released into the environment? Mercury can be released into the environment through leaks and spills of
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