PPT-Acquiring the Acquirer: The Role of Target’s Acquisition

Indrajeet Mohite ICMA Centre Henley Business School University of Reading 8 th May 2014 Introduction Introduction Motivation hypothesis and related literature Contribution Data methodology and sample description. Alert 150%50%50%50%3 aathe acquisition is “solely for the purpose ofbbas a result of the acquisition, that person willaaThe acquiring person is an “institutionalbbThe acquisition is made in Acquisitions . and . selling a business. Corporate Financial Strategy. 4th edition. Dr Ruth Bender. Acquisitions: . contents. Learning objectives. Some reasons for making an acquisition. Relating synergies to value drivers. M&A Market. Market for Corporate Control. Competition for control of firm assets. Associated with Downsizing. “It’s amazing that the basic cause of downsizing is so rarely acknowledged: . these companies have more workers than they need or can afford to pay. Acquirers:. New . evidence on the drivers of acquirer’s announcement returns in corporate takeovers. Ludovic . Phalippou – Oxford University. Fangming. . Xu. – Bristol University. Huainan Zhao – . Acquisition Agreements. Sanjai Bhagat (Univ. of Colorado - Boulder). Sandy Klasa (Univ. of Arizona). Lubomir P. Litov (Univ. of Arizona & WFIC, Univ. of Pennsylvania). September . 2014. 2. Escrow Contracts in Acquisition Agreements. Tina Williams McKeon. April 12, 2012. Roadmap. Basics of patentability. Basics of patent process. Data in the various stages of the patent process. Preparing the patent application. Prosecuting the patent application. By PP. STAGES. All children acquire language in different ways and learn at different rates. These are the stages.. Pre-verbal (0-11months). Babbling (7-11 months) . Holophrastic (11-18months). Telographic (1.5-2.5 years) . Acquirers:. New . evidence on the drivers of acquirer’s announcement returns in corporate takeovers. Ludovic . Phalippou – Oxford University. Fangming. . Xu. – Bristol University. Huainan Zhao – . and . selling a business. Corporate Financial Strategy. 4th edition. Dr Ruth Bender. Acquisitions: . contents. Learning objectives. Some reasons for making an acquisition. Relating synergies to value drivers. Reasons often cited for making acquisitions. improve the performance of the company. consolidate to remove excess capacity from an industry. create market access for the target’s (or in some cases, the acquirer’s) products. Outside One’s Industry. Within acquirer's industry. Market power. Consolidation / horizontal integration. Outside the industry . Diversification. . Success Rate?. Most acquisitions do not make money for the shareholders of the acquiring company. In year 1992 - Announcement of Policy of . Globalisation. in India. In year 1992 - Change in India’s Capital Market Scenario. SEBI enacted SEBI (SAST) Regulations, 1994 initially. Then, SEBI enacted SEBI (SAST) Regulations, 1997. Process and protocol for tribes taking land into trust for energy development. NANCY J. APPLEBY. APPLEBY LAW PLLC. ◊ Trust land is held by the United States for the benefit of an Indian tribe or tribal member.. Chris Droussiotis. December 2018. Course outline. Course Outline. Day ONE. Managerial Strategies and the Need to Grow Globally via acquisitions . Mergers & Acquisition Overview. Cross-Border Merger & Acquisitions: Opportunities and...