project.” Gordon East‚ IT Manager‚ Timken Business Needs Timken‚ a 109-year-old company‚ is a longtime leader in the production of antifriction bearings and specialty steel. The company began as a carriage maker before the advent of the mass production of automobiles and now has offices in 27 countries and 25‚000 employees. Timken competes in a global marketplace that requires companies to adapt to ever-changing financial conditions. Executives at Timken were anxious to rebuild the company’s
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The Timken Company Top management of Timken hires you as consultants to perform an independent analysis and recommend the best‚ in your opinion‚ course of action in the proposed acquisition of the Torrington Company. Your task is to write a report that will address their questions and concerns‚ in particular: 1. 2. 3. 4. How does Torrington fit with the Timken Company? What are the expected synergies? What is your stand alone valuation of Torrington? What is your with-synergies valuation of Torrington
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Case 13: The Timken Company Student Presentations – November 15‚ 2011 Participating groups: Sections 1 and 2 Section 1 Presentation groups Group 11 Group 12 Questioning groups Group 5 Group 13 Evaluating Groups Group 10 Group 1 Deadline for electronic submission of presentation slides and case reports Nov 14‚ 1:00 pm Deadline for electronic submission of questions Nov 15‚ 8:00 am Section 2 Presentation groups Group 11 Group 12 Questioning groups Group 5 Group 6 Evaluating Groups Group 10 Group
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Executive Summary From our DCF calculations‚ the value of Torrington as a stand-alone entity is $1.181 billion. However‚ the maximum purchase price for Torrington should only be $641 million. The optimum debt amount for this transaction would be $301 million. This amount of debt would result in a total debt to capital ratio for Torrington of 47%‚ within the range for a BBB “investment grade” debt rating. The combined entities‚ Torrington-Timken‚ would produce an interest coverage ratio of 3.2‚ and a
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Acquiring another Company An organization such as Kudler Fine Foods would indefinitely benefit in having an option such as acquiring another company in the same industry to help gain greater success. It is an opportunity that can make or break the company. To acquire another company should be a beneficial tool in which will help the organization prosper to a higher level. In search for another company Kudler Fine Foods ought to consider the needs of its company. If the company is in need of
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Case Study of SAIC Acquiring Ssangyong Motor Company By Cheryl‚ Linda‚ Vianne‚ Ivy‚ Danna and Bob Class 1‚ English Trade‚ SCNU 2011/12/01 Content 1. Introduction 2 1.1 Scale of Entry and Strategic Commitments 2 1.2 Establishing mode 2 2. External macro environment analysis 3 2.1 Political 3 2.1.1 Country’s situation 3 2.1.2 Shanghai’s situation 3 2.2 Economic 4 2.2.1 Cost of production 4 2.2.2 Currency exchange rates
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NYSE: TKR THE TIMKEN COMPANY Investment Thesis The Timken Company is the largest tapered roller bearings manufacturer in the world and one of the largest manufacturers of alloy and specialized steel in the world. The company reports revenues in three business segments: Steel (31% of 2005 revenue)‚ Automotive (32%)‚ and Industrial (37%). I feel that Timken is capable of delivering solid EPS and top-line revenue growth over the next two years‚ driven largely by demand for industrial bearings and
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Individual Case Brief-The Timken Company Main Issue The Timken Company was intended to acquire the Torrington Company from Intersoll-Rand (IR). If the acquisition succeeded‚ Timken would get synergies such as boosting world market share and cutting costs substantially. However‚ considering the large size of this acquisition‚ Timken would face the stress of below-investment-grade rating and series of future financing problems if IR required a cash deal. A feasible financing structure must be considered
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USEC Capital Budgeting Case Questions In one paragraph (max 5 sentences)‚ describe the general situation faced by USEC: USEC is the lead supplier of enriched uranium‚ which is used to fuel nuclear reactors. Due to an expiring contract with a power supplier‚ the production of Uranium fuel became very expensive at the current Paducah plant. USEC created a new plant called APC in an attempt to advance technology and become the low cost producers in the Uranium industry. Mackovjak is a financial analyst
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AEGISPEOPLESUPPORT CASE STUDY AT Aegispeoplesupport‚ corporate social responsibility defines everything that they stand for and do. They actively implement programs for improvement of society and the environment. Every year‚ they better their contribution to the environmental and social causes both financially and with respect to corporate social responsibility. They support social causes around the globe and encourage its employees to contribute towards the communities they live in. They support
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