Read more
Informationen zum Autor Peter Clark is a Lecturer (Senior Teaching Fellow) at University College London, within the Department of Management Science and Innovation, where he teaches finance at both undergraduate and postgraduate levels. He is a leading author and commentator in merger and IPO-related finance field and has more than 20 years' experience in mergers and acquisitions, involving more than $3bn in transaction values. Roger Mills is Emeritus Professor of Finance and Accounting at Henley Business School, University of Reading, and, most recently, was Professor of Fundamental Analysis and Business Valuation at the VU University in Amsterdam. He is a Fellow of the Chartered Institute of Management Accountants, the Institute of Chartered Secretaries and Administrators, and the Association of Corporate Treasurers. Klappentext Following a quiet period in global M&A activity, a new boom seems to be underway, but in an age where two-thirds of all merger deals can be said to fail (where deals fall short of the minimum required financial returns to the acquiring company), how can future success be guaranteed? And what can acquirers, and their shareholders and advisers, do to improve the chances of success?Masterminding the Deal looks at performance in two critical areas - merger segmentation (the identification of critical characteristics and attributes separating more successful mergers from the rest) and category-specific synergy diagnosis (the differentiation of synergy benefits - expenses, revenues, tax - to ensure maximum rewards). Through this in-depth analysis, the book provides the managers and advisers of acquiring firms with concise and actionable frameworks to improve and enhance merger performance. Masterminding the Deal will help you to identify and apply the key components of merger success.A combination of practical examples and academic understanding makes this book suitable for students and executives at any role in the decision-making chain Zusammenfassung Following a quiet period in global M&A activity! a new boom seems to be underway! but in an age where two-thirds of all merger deals can be said to fail (where deals fall short of the minimum required financial returns to the acquiring company)! how can future success be guaranteed? And what can acquirers! and their shareholders and advisers! do to improve the chances of success?Masterminding the Deal looks at performance in two critical areas - merger segmentation (the identification of critical characteristics and attributes separating more successful mergers from the rest) and category-specific synergy diagnosis (the differentiation of synergy benefits - expenses! revenues! tax - to ensure maximum rewards). Through this in-depth analysis! the book provides the managers and advisers of acquiring firms with concise and actionable frameworks to improve and enhance merger performance. Masterminding the Deal will help you to identify and apply the key components of merger success. Inhaltsverzeichnis List of figures and tablesAbout the authorsForeword by Bill WeinsteinPreface Introduction 01 The next merger boom is already here 1.1 Business-merger waves: patterns, theories on causes, issues1.2 Four post-1980 four business-merger waves, four phases1.3 The fourth (and final?) post-1980 wave is already underway1.4 Merger wave issue I: (T)APP-synergy divergence as the wave progresses1.5 Merger wave issue II: whipsaw-merger market entry and exit missteps 02 Debunking the six merger fallacies that destroy value 2.1 Increased understanding of historical merger failure means that would-be acquiring firms are more inclined to avoid mergers2.2 Significant increases to target company's debt levels do not significantly reduce the probability of the related deal's success2.3 The heroic figure in the acquisition drama is the all-conquering acquirer, while shareholders of the acquired comp...
