meeting separately on 24 January 2003 to ratify the merger and the share-swap ratio. Sources close to the deal reveal that the valuation of Tata Chemicals is much higher than HLCL’s‚ hence the latter’s shareholders will be issued shares of the Tata group company. Analysts estimate the share-swap ratio will be in the range of 2.5 to 3:1 — that is‚ 2.5 to three shares of Tata Chemicals for every share of HLCL held. The analysts say the merger between the two companies makes good business sense
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On February 2‚ 2010 Kraft and Cadbury‚ two leading firms in the snack industry finalized their merger decision after five months of negotiation. In this report we will examine why it made strategic sense for the two companies to combine and evaluate the performance of the combined companies since its merger. In particular we will analyze the post-merger financial statements and highlight a few points regarding the accounting. INTRODUCTION OF KRAFT AND CADBURY Kraft Foods Inc. (KFT) is the
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the stand alone AT&T WACC (10.4%)‚ the stand alone McCaw WACC (12.3%)‚ and a blended calculation (11.1%). We chose growth rates between 3.0% and 4.0% as an estimate of the perpetual growth of FCF (implied Value/POP was approximately $300‚ high by industry standards) (See Exhibit 1). In addition to a DCF Analysis‚ we performed analyses of recent comparable transactions (See Exhibit 3) and recent premiums paid for publicly traded companies (See Exhibit 4). Results revealed that comparable transactions
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A decade ago‚ America has witnessed its biggest merger of their history when AOL and Time Warner merged for an all stock deal with a combine value of $ 350 billion which also created the world’s largest media and Communication Company‚ but today I want to re-examine this ill-fated deal and try to explore what went wrong. In an initial statement about this merger and probabilities of new company it was stated that this merger will lead to a speedy development and growth for all its businesses. It
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diversification. This included the acquisition of a number of major companies‚ most recently Duracell. Prior to this acquisition‚ the Duracell Corporation had been the leading producer of alkaline batteries in the United States and maintained consistent growth in revenues from 1991-1996. Since their purchase of Duracell‚ their stock price has fallen 45% to a low of $34. The issue for Gillette is to determine if they can promote the profitable growth of their acquisition. Decision Criteria
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for its data‚ but also provide speed exchange of information between the different entities of the company. Needs of Hobbit Aviation In this case‚ the business sector is very specific‚ because products have high added value. Security is essential for the sustainability of the company‚ especially when we know that the competitors such ash China want to enter the aviation market and that country has a very active espionage and "hack" activity. Therefore‚ the company needs powerful tools but all
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CASE STUDY NOTES/ ANALYSIS THE TRUE COST OF ACQUISITION. INTRODUCTION -The department of defense has highlighted its vision and mission but has not broken these down into objectives for each function - Without a breakdown of this mission into workable action plans/ objectives it is therefore very hard to create performance measure and standards of practice - This is evident by the recent happening of Darlene Druyun’s actions while acting in the position of head of procurement - There
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was that it transferred title and ownership of land from individuals and communities to the governors who hold the land in trust but many of whom have been known to have abused the power and privileges conferred on them by the Act. It also made acquisition of land by individuals and corporate bodies for commercial and economic development purposes extremely difficult. Despite all the cries and agitations for review of the Act‚ the federal government obstinately refused to embark upon such review
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Behavior | |DaimlerChrysler | |The case study of a historical merger‚ between two automobiles manufacturers‚ which was being branded as ‘match | |made in heaven’. This report analyses the root-causes‚ actual facts and an insight to the corporate culture | |Raja Naveed Khalid BD-32/2010
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Graduate School of Business Administration University of Virginia UVA-F-1274 METHODS OF VALUATION FOR MERGERS AND ACQUISITIONS This note addresses the methods used to value companies in a merger and acquisitions (M&A) setting. It provides a detailed description of the discounted cash flow (DCF) approach and reviews other methods of valuation‚ such as book value‚ liquidation value‚ replacement cost‚ market value‚ trading multiples of peer firms‚ and comparable transaction multiples. Discounted
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