Case study 3 Porsche‚ Volkswagen‚ and CSX 1. Summary This case examines two examples of how equity derivatives have been used to gain leverage and corporate control for activist purposes. In 2008‚ Porsche’s CFO carried out the “short squeeze” to acquire control over Volkswagen through option contracts‚ which lead to huge losses for short-selling hedge funds. And meanwhile in 2007‚ TCI and 3G‚ 2 UK-based hedge funds‚ violated SEC disclosure requirements by hiding their intentions to takeover CSX
Premium Stock Short Futures contract
I know everyone wants to have a gorgeous car. I also want to have my dream car. Cars have different types which is Sedan‚ Sports car‚ Antique‚ MPV and Estate Car. I am nuts about cars. I dream it almost everyday. I would dream to have my own ‘Volkswagen Golf GTI’. I love this car because it is so gorgeous because of its body. I want it in an automatic transmission because driving an automatic car is as easy as pie than manual transmission. Besides‚ if I have that car‚ I want to change it to a
Free Nissan GT-R Nissan Skyline Four-wheel drive
Volkswagen and Porsche - Corporate Finance Case study: Mergers & Acquisitions of listed companies by Joachim Häcker What is the macro view of this case study? Small fish tries to eat big fish (financial figures are end of 2005 and rounded): VW: Market cap: €16 bn Book value: €24 bn Cash and cash equivalent: €8 bn (+€4 bn marketable securities) Porsche: Market cap: €11 bn Book value: €3.4 bn Cash and cash equivalent: €3.6 bn VW Porsche case study – by Joachim Häcker Seite 1
Premium Stock Stock market Option
Bugatti name has been known made to order‚ high quality‚ fast spot cars since 1910. The original car produced by Ettore Bugatti was seen as an innovator in the design and quality of cars for that time. Today the Bugatti name‚ presently owned by Volkswagen‚ is still known for producing unique‚ made-to-order‚ high-quality automobiles. The Bugatti Company manufactures the high-performance sport car Veyron. The Veyron is available in only a few trim levels. Bugatti uses the make-to-order system to
Premium Automobile Volkswagen Bugatti Veyron
innovation and creative management that promote sustainability. Creating a difference involves building of an environment in which new ideas are developed and nurtured to meet specific goals of an organization. Creative management is been used by Volkswagen Hong Kong to ensure that consumers are satisfied in the quality of the automobile they assemble. The difference between a model of the 20th century and the 21st century can attest. Creative management enables an idea to shape into a business model
Premium Management Problem solving Creativity
Introduction A logo is a symbol or other small design adopted by an organization to identify its products‚ uniform‚ vehicles‚ etc. Logos are everywhere‚ and every logo is a visual element that serves three main functions: 1. Identification A logo identifies your company in the marketplace. In a quick‚ visually symbolic way‚ a logo represents your company to the outside world. Often your logo is the first thing a potential customer sees. It’s your first impression‚ and we all know how important
Premium Logo Brand Marketing
Was the outbreak of the War in 1914 inevitable? It was called ‘the war to end all wars!’ It was anything but four years of trench warfare left millions dead and nothing resolved. How an assassin’s bullet in Bosnia triggered one of the world’s bloodiest wars the world has ever known and how alliances‚ imperialism and militarism take a huge part of how the war started. These big factors lead to the question was the outbreak of the war in 1914 inevitable. One of the fuses to the war was imperialism
Premium World War I Archduke Franz Ferdinand of Austria World War II
preferences‚ Louis Vuitton has its own unique strategy to adapt to the Japanese market. Days‚ based on the logo and charge a high price‚ it seems‚ gone‚ as there is more interest in craftsmanship and value for money. To boost sales‚ the company was forced to run less expensive collections are made with cheaper materials. The brand is also opening stores in small towns‚ where temptation logo still works. Over the years‚ Japanese consumers have shown enthusiasm and passion for the famous brand. What
Premium Economics Brand Logo
Name of Graphic Apple Logo Source http://innovation.blurgroup.com/blog/innovation/the-truth-behind-apples-american-mac/ Purpose of the graphic This graphic has been used to help people remember the company‚ and have something that enables them to know what company the graphic is being used to represent‚ the picture of the Apple has been chosen as it corresponds with the name of the company‚ this means when someone sees the name Apple they immediately refer to the Apple logo‚ due to apples being
Premium Logo Coca-Cola Graphic design
Porsche Changes Tack Yes‚ of course‚ we have heard of shareholder value. But that does not change the fact that we put customers first‚ then workers‚ then business partners‚ suppliers and dealers‚ and then shareholders. Dr. Wendelin Wiedeking‚ CEO‚ Porsche‚ Die Zeit‚ April 17‚ 2005. Porsche had always been different. Statements by Porsche leadership‚ like the one above‚ always made Veselina (Vesi) Dinova nervous about the company’s attitude about creating shareholder value. The company was a
Premium Porsche Volkswagen