企业管理承购简介(英文版)(ppt 46页)

企业管理承购简介内容摘要：
Three Areas of Study
1. Determining if a Merger creates value (then developing an offer price)
2. Evaluating M&A offers in the market place (your case analysis assignment)
3.  M&A Strategies (biggest area of “talk”)
Economies of Vertical Integration
Control over suppliers “may” reduce costs.
Over integration can cause the opposite effect.
Combining Complementary Resources
 Merging may results in each firm filling in the “missing pieces” of their firm with pieces from the other firm.
Mergers as a Use for Surplus Funds
 If your firm is in a mature industry with few, if any, positive NPV projects available, acquisition may be the best use of your funds.
Diversification
Investors should not pay a premium for diversification since they can do it themselves.
Takeover Defenses
White Knight - Friendly potential acquirer sought by a target company threatened by an unwelcome suitor.
Shark Repellent - Amendments to a company charter made to forestall takeover attempts.
Poison Pill - Measure taken by a target firm to avoid acquisition; for example, the right for existing shareholders to buy additional shares at an attractive price if a bidder acquires a large holding.
..............................

上一篇：企业从优秀到卓越的奥秘(ppt 16页)

下一篇：企业成长理论概述(ppt 76页)

如何编写企业解决方案书(doc 21页)

某集团化的管理模式(ppt 49页)

解决问题的策略之倒过来推想(ppt 15页)

Chemical industry in China(PDF 8

企业股份单分析(ppt 28页)(英文)

复合型MTOA固化环氧树脂F级绝缘材料介绍(pdf 6页)