Brink’s Company: Activists push for a spin-of Masters in Finance | Applied Corporate Finance • April 20th 2015 Duarte Marques 989 Mafalda Oom Torres 948 Teresa Botelho Neves 1029 Francisco Vieira de Campos 960 Gonçalo Pereira de Almeida 1034 Nova School of Business and Economics Agenda Executive Summary Industry Overview Brink’s Company Conglomerate Discount Activists Issues being target my activists Brinks is undervalued by the Markets Alternatives to Spin-offs Value created by Spin-offs Valuation
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FINANCE 394.4 – Financial Management of the Small Firm Course Outline –Spring Semester‚ 2011 TTH 8:00-9:30; 9:30-11:00 – UTC 1.104 (Unique #03190‚ #03195) TTH 12:30-2:00 – GSB 3.106 (Unique #03200) Office Hours: TTH 11:00 – 12:15; 2:00-3:00 Professor: Jim Nolen & by appointment Office: GSB 4.126G Phone: 471-5798‚ Fax 471-5073 TAs – Devang Gardi (8:00); Vivek Ponnada (9:30) Peter Song (12 :30) e-mail: james.nolen@mccombs.utexas.edu Office Hours – By Appointment Course Material Posted on
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Mergers and Acquisitions Broc Romanek and Cynthia M. Krus FINANCE 05.09 I Fast track route to mastering mergers and acquisitions I Covers the key areas of M&A‚ from detailing how to structure different types of transactions to meet varying objectives to the history of M&A activity and the impact of the Internet and other new technologies I Examples and lessons from some of the world’s most successful businesses‚ including Daimler-Chrysler‚ Vodaphone-Mannesman and UFJ Bank I Includes a
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following part of the essay will firstly look at different ways in which organization can restructure. The traditional forms of restructuring were through merger and acquisition by inter corporate sell-offs‚ spin-offs‚ Management buyouts or management buy-ins and leveraged buy-outs. These traditional forms of restructuring were aimed to maximize shareholder wealth. However other forms of restructuring exist in the form of rightsizing which includes
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CHAPTER 1 INTERCORPORATE ACQUISITIONS AND INVESTMENTS IN OTHER ENTITIES ANSWERS TO QUESTIONS Q1-1 Complex organizational structures often result when companies do business in a complex business environment. New subsidiaries or other entities may be formed for purposes such as extending operations into foreign countries‚ seeking to protect existing assets from risks associated with entry into new product lines‚ separating activities that fall under regulatory controls‚ and reducing taxes
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Sandwich chain Quiznos made its name selling hot subs at premium prices‚ but a leveraged buyout at the top of the market and the recession helped turn that strategy to toast. Now the company finds itself on the brink of default‚ also thanks to sour relations with franchise owners‚ costly rents and stepped-up competition from rivals like Subway. The chain now has about 3‚500 stores‚ down from nearly 5‚000 before the recession. With sales sliding‚ Denverbased Quiznos told lenders July
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Case 21 Analysis: Harley-Davidson By: Joyce Morgan This case study is about Harley-Davidson‚ Inc.‚ which is the parent company for the group of companies namely Harley-Davidson Motor Company‚ Buell Motorcycle Company and Harley-Davidson Financial Services. Harley-Davidson Motor Company‚ the only major U.S.-based motorcycle manufacturer‚ produces heavyweight motorcycles and offers a complete line of motorcycle parts‚ accessories‚ apparel‚ and general merchandise. Buell Motorcycle Company produces
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I. Introduction The business-level strategy is acombined and synchronized collection of the obligations and actions that are used by the firms to attain a competitive advantage. The firms try to consume core abilities in certain product markets. Under this strategy‚ the firms stipulate their choices on that how they plan to strive in individual product markets. It’s important that every firm should improve a business-level strategy to generate the differences between its own place and its competitors’
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Introduction to Investment Banking An investment bank is not a bank in the usual sense. It doesn’t have checking or savings accounts‚ nor does it make auto or home loans. It is a bank in the general sense‚ in that it helps businesses‚ governments‚ and agencies to get financing from investors in a similar way that regular banks help these organizations get financing by lending money that the banks’ customers have deposited in the banks’ savings‚ checking‚ and money market accounts‚ and CDs. In other
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Scientific Evidence. Journal of Financial Economics‚ 11‚ pp. 5-50. 7. Lang‚ L.‚ Stulz‚ R. and Walking‚ R. (1991). A test of the free cash flow hypothesis. Journal of Financial Economics‚ 27. 10 8. Lichtenberg‚ F. and Siegel‚ D. (1990). The effects of leveraged buyouts on productivity and related aspects of firm behaviour. Journal of Financial Economics. 9. Lubatkin‚ M. and Chatterjee‚ S. (1994). Extending modern portfolio theory into the domain of corporate diversification: Does it apply?. Academy of Management
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