...703 – Mergers and Acquisition ------------------------------------------------- ASSIGNMENT ------------------------------------------------- Trimester 3 2015 ------------------------------------------------- TOTAL WEIGHTING: 10% ------------------------------------------------- INSTRUCTIONS * Students are required to do this assignment in pairs or individually. * Assignment due date is 8am, 6th November 2015 and a hardcopy of the assignment must be submitted. Late submission will be penalized * Attach the assessment criteria sheet as the cover page for the Assignment. The assignment must have an introduction, body, conclusion and a table of contents. * Your assignment should be typed in Times New Roman with font size 12 and 1.5 line spaced. * Plagiarism is a serious form of cheating and plagiarized assignments will be penalized. * Any resources (textbooks, journal articles etc) used must be acknowledged using Proper Referencing. * Please ensure that the assignment does not exceed 15 pages and should not include any unnecessary information. Many forces drive the Mergers and acquisition activities with different businesses having different motives behind these deals. Look at the following list of mergers and acquisition over the years: * List of mergers and acquisitions by Apple * List of mergers and acquisitions by Facebook * List of mergers and acquisitions by Google * List of mergers and acquisitions by Microsoft * List of mergers and acquisitions...
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...Human Resources Management – Assignment The Role of Human Resources in Mergers & Acquisitions “In implementing an M&A, most managers and business leaders focus on the financials. But success often hinges on how you deal with people issues and cultural Integration”. Andrew F. Giffin and Jeffrey A. Schmidt 1 Successful Mergers and Acquisitions are much more than just a name change on the premises and changing company branded material and policies. Mergers and acquisitions (M&A’s) are notoriously risky, and international M&A’s are even more so. Numerous studies on M&A’s, show that success is not always guaranteed. To the contrary, the biggest percentage of (costly) M&A’s, do not achieve goals and set objectives. Mercer Human Resource Consulting, after examining the evidence, has concluded that as many as 60–70% of M&A’s fail to deliver their intended benefits. Another study by CFERF 2 claims that 75% of the deals have failed or underperformed. Although it is clear that some of these unsuccessful ventures are due to financial and market factors, the root cause of a considerable number of failures lies in disregarded HR issues and activities. Some of the main (HR- people) mistakes in mergers and acquisitions are: o HR not being involved early in the game o Lack of culture blending and misaligned values- do not underestimate cultural differences o No clarity on mission and vision o Communications, communications, communications – lack of it in the main Other research has shown that...
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...course is the law of mergers and acquisitions and alternatives to mergers. We will analyze how mergers and acquisitions are structured and why particular deals create value for firms. The course will examine the various techniques and deal terms that have profound effects on both parties and the outcome of the transaction. The course will include actual transactions as well as drafting exercises. We will focus on the barriers to optimal structuring and techniques for eliminating drafting problems. Emphasis will be given to understanding the legal responsibilities of the buyer and seller, as well as the financial, tax and regulatory treatment of the deal, the techniques for putting the deal together, corporate acquisition agreements and the securities and governance issues that arise in deals involving publicly listed and private companies. The course will encourage students to become familiar with the techniques used in corporate acquisitions and related transactions. Materials The readings will be posted on Blackboard. Case studies can be purchased directly from the publisher. Course Book Sherman, Andrew and Hart, Milledge A. Mergers and Acquisitions: From A to Z (Second/Third Edition) AMACOM (available in University Library and Business Law Department) Recommended Sudarsanam, Sudi, Creating Value From Mergers and Acquisitions, (Second Edition) Prentice Hall (available in University Library and Business Law Department) Written Assignments and Grades Cases ...
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...UNIVERSITY OF SOUTHERN CALIFORNIA Marshall School of Business Revised Syllabus for FBE 560-Mergers and Acquisitions Office Hours T,TH 1:30-3:00 and TH 5:00-6:00 in HOH701E Spring 2007 I. Purpose of the M&A Course This course covers the broad field of mergers, acquisitions, and divestitures. The primary objective of the course is for each student to gain a well-rounded understanding of the major strategic, economic, financial, and governance issues of mergers and acquisitions. Takeovers and mergers are a daily fact of life and have evolved into a critical part of every CEO or manager’s strategic toolbox. Every person who enters the corporate world will most likely be affected by a merger or acquisition at some point in their career. Students will apply learned content to real mergers and acquisitions and have the opportunity to present to the class their findings and conclusions. Specific academic course objectives include: • Examining the role that M&A plays in the contemporary corporate world, and its use as a strategic tool to provide growth, enhance competitive position, transform a company or industry, and create shareholder value. • To provide the student a framework for analyzing transactions including understanding strategic rationale, valuation methodologies, deal structures, bidding strategies, and the need for a value proposition. • Show how M&A can be used successfully as well as its pitfalls, dangers...
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...This is the second case assigned to this course. Part 2 of the text considers concepts of Business Strategy and Corporate Level strategy in chapters 4 and 6. Chapter 7 incorporates growth strategies related to Acquisitions, Mergers, and Leveraged Buyouts. The Group assignment for Week 4 provides one example of an organization (HCA) that utilized all three of these strategies over a period of 35 years. Using that information, and the history provided in the attached PDF file, research the HCA organization and after conducting a SWOT analysis, respond to the following Questions. 1. Chapter 6 focuses attention on Strategic Actions and Strategic Formulation and emphasizes Corporate Relatedness and the Transfer of Core Competencies on page 171. What were HCAs core competencies and how did these competencies build Value for the company? What type of Business Level strategy did they pursue when the company began in 1968? 2. Over a period of years (1968-1985), HCA acquired many small rural hospitals; many of which were struggling to fund new technologies necessary to provide care to the citizens of their communities, and responding to new Federal Government regulations related to Medicare and Medicaid (1965). In the late 70's and early 80's HCA began to acquire competing investor-owned health care companies . Compare and contrast these strategies to the text reference relative to Restructuring of Assets outlined in Chapter 6. What role, if any, did the General and Competitive...
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...Unit 8 Assignment: Case Study Analysis Read “Taking Responsibility: High-Flying Labor Relations at Southwest Airlines” at the end of Chapter 14. Answer the three questions at the end of the case in a 2-3 page paper. Follow the project guidelines below. Requirements: 1. Click to use the Case Study Template (also available in Doc Sharing). 2. Complete a 2-3 page paper (not including the title page and reference page). 3. Answer each question thoroughly. 4. Demonstrate your understanding of the information presented in the weekly reading assignments by defining terms, explaining concepts, and providing detailed examples to illustrate your points. 5. Include at least two references from your reading assignments, or other academic sources, to reinforce and support your own thoughts, ideas, and statements using APA citation style. Review the Assignment Rubric (below) before starting this Assignment. ID: MT203-08-08-A Taking Responsibility: High-Flying Relations at Southwest Airlines BU203-Human Resource Management Professor Anton Suzzanna Hernandez Kaplan University 12/8/2013 Imagine, looking out a window of a skyscraper at the line of pickets at the bottom of this building. What must be going through the head of the CEO? How can an organization stop negotiations from going this far? How do strikes help real issues and conditions? By answering the questions on the case study of Southwest Airlines, analysis will help to see how labor relations...
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...growing in electricity generation industry; globalization; industry restructuring Consolidation in the electric utility industry in the US Consolidation in the aluminum industry Consolidation in the automotive industry: Fiat+Chrysler, Daimler + Chrysler, Renault + Nissan Alliances in the international airline industry New airlines in Europe, such as Ryanair, Easy Jet, Go, Virgin Express Lenovo (China) in PC and Internet Haier (China) in appliances Ebay’s acquisition of Skype Chipotle’s growth: past, present and future Disney’s acquisition of Lucasfilm Inditex and fast fashion industry Paypal and mobile payment industry Schneider Electric’s acquisition of Invensys Online instant video industry Growth and decline of Blackberry Globalization of McDonald’s Intel and vertical integration Microsoft’s acquisition of Nokia Uniqlo Big tobacco, growth strategy for Reynolds American Green Mountain Coffee Yahoo’s search for growth Avis’ acquisition of Zipcar Apple and Samsung in smartphones FedEx’s acquisition of Kinko Gap’s expansion to Latin America Google in the mobile phone market Strategies for Growth (STR672) Prof. Aneel Karnani Term Project Peer Evaluation A significant part of the learning in...
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...How to Adapt to a New Organizational Culture after a Merger/Acquisition Introduction The organization that I will be researching is Wachovia Bank. Wachovia is a diversified financial services company that provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services. They are one of the largest providers of financial services in the United States, with retail and commercial banking operations in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Its retail brokerage operations under the Wachovia Securities brand name manage client assets through offices nationwide. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Over the last several years Wachovia has always been in the position of purchasing smaller banks. And with most acquisitions, Wachovia has implemented their policies and procedures without taken into account how this would affect the existing employees of the company that was bought. Now for the first time, in company history, Wachovia finds itself on the other side of the table. I’m currently a Business Analyst at Wachovia. I’ve been with the company for almost 2 years, but I’ve been there long enough to understand and adapt to the culture, their policies & procedures, their implementation of diversity within...
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...Assignment one 1. Is this a hostile takeover? Although AgroVate is a publicly traded company, it began as a family-owned business and is currently at risk of being procured by larger companies. Based on those facts, this is a hostile takeover. 2. Can the AgroVate board legally adopt defensive measures against Bijoux? The Maxxo brothers’ main concern is Pearson’s remote management style possibly intimidating AgroVate’s long-time employees into leaving AgroVate. That concern alone is not suffienceint grounds to legally adopt defensive measures against Bijoux. In order for AgroVate to legitimately adopt defensive measures there has to be evidence that Bijoux poses a risk to AgroVate’s corporate effectiveness. 3. Two types of mergers are mentioned here. Define each type. The first type of merger is with Bijoux, which is known as a conglomeration. A conglomeration is a merger between companies that do not have the same business areas. The second is a horizontal merger with Stopper,Inc. A horizontal merger occurs with companies that distribute the same products and the same market(McClure, 2013). McClure, B. (2013, May). Mergers and acquisitions: Definition. Retrieved from http://www.investopedia.com/university/mergers/mergers1.asp After consultation with corporate counsel and outside financial advisors, the Board of Directors decides to consider the following four responses to the Bijoux proposal. a. AgroVate’s board can consider a shareholder rights...
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...Assignment 2: Mergers and Acquisitions Apple is one of the most popular brands leading and technology companies of today. They are heavily known for their apps and products. Although Apple is a popular brand, they had limited search and discovery features to the App Store. Because of the deficiencies in the search, Apple sought to improve their discovery features. Apple covered the search engine, Chomp in November 2009 to announce their seed funding (Dilger, 2012). Chomp is a search engine designed to find and discover apps for iPhone, iPad and Android. The search engine allowed users to search for apps based on what they did and not by what they were named. Since then, they’ve grown their scope to include not only iPhone apps, but Android apps as well. In February 2012, Apple’s acquisition of search startup Chomp provided a relief to App Store’s app discovery problems (Golson, 2012). Although, Apple hasn’t released a public statement on why it purchased Chomp, and it remains to be seen exactly how Chomp’s technology could change app discovery within the App Store (Bonnington, 2012). It is evident the decision to acquire was made due to Apple’s limited search and discovery features. If someone searched for an app under Apple’s past model, it would take several searches to find a particular App. Chomp, however, allowed a person to search with much greater hint and intent (Bonnington, 2012) and the results provide the seeker exactly what they were looking for. Apple’s search...
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...| 5/4/2015 | | | | | | | | | | | | Impact of Leadership On Merger & AcquisitionsImportance of Leadership to M&A success or its failure | | | | | | | | | | | | | | | | | | | | | | | | By Shreyash Kumar Sharma | Assignment Details 1. Scope Highlight the impact of Leadership on Mergers and Acquisition. Focus on one success and one failure story 2. Assignment Flow 3.1 Executive Summary 3.2 Failure – BMW and The Rover Company * Summary * Acquisition Details * Analysis * What Went Wrong? 3.3 Success – AkzoNobel N.V – Imperial Chemicals Industries plc. * Summary * Acquisition Details * Analysis * Success Story 3 Closure 2.1 - Executive Summary In the current knowledge based economies, in order to gain access to one of the most important intangible asset of one business – the brand –, the companies merge or acquire the targeted brand (Kumar & Blomqvist, 2004) Today’s business world deals with an increasing phenomenon of Mergers and Acquisitions (M&A‟s), a process through which companies gain access to some tangible and intangible resources. The benefits of mergers and acquisitions (M&A) include, among others: * a diversification of product and service offerings * an increase in plant capacity * larger...
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...B2GLOBAL PROGRAMME BTEC LEVEL 5 HND DIPLOMA IN BUSINESS UNIT SYLLABUS |Assignment Due: | |. Assignment 1: Slot 10 | |. Assignment 2: Slot 38 | |The student must pass these Assignments to pass the course | |Unit Title: |Business Strategy | |Unit Code |A/601/0796 | |QCF level |5 | |Credit value |15 credits | |Pre-requisite | | |Instructor | ...
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...(01130102), STRATEGY MANAGEMENT MGT 6303, ASSIGNMENT 2 EXECUTIVE SUMMARY Aviation industry is a highly competitive market, airlines needs to develop or possess good resources and capabilities to set a threshold among the industry. The airline that sets a new wave will gain the limitless opportunity as the game setter and industry’s leader. AirAsia is a Low Cost Carrier that has won many awards and global reputation. They had learned the importance to innovate good employee relations as employees are the heart and soul of the company. This assignment elaborates how AirAsia was analysed under Ansoff Matrix and many of their marketing alliances through vertical or horizontal links. AirAsia has coordinated well in IT systems that enable them to conduct many marketing strategy through partnerships with travel agencies, hotels, telecommunications and other airlines. AirAsia has looked into the traditional interline to code sharing and now into cross-border mergers. AirAsia is a very successful airline that has stayed true to its initial slogan of “Now Everyone Can Fly”. With just less than 15 years, AirAsia has gone from a heavily indebted company to becoming a World’s Best Low Cost Airline. 1 ERICA DIANA JEREMIAH (01130102), STRATEGY MANAGEMENT MGT 6303, ASSIGNMENT 2 TABLE OF CONTENTS Page Executive Summary 1 Table of Contents 2 Ansoff Matrix Analysis 3-5 Internal Development 6-7 Merger & Acquisitions 8 Joint Development/ strategic...
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...Assignment 2: Mergers and Acquisitions Ryan Butler Dr. Laura Poluka BUS508 30 July 2014 Augusta Campus, Strayer University Mergers and Acquisitions Examine the circumstances that resulted in the merger or acquisition for the selected company. Speculate on two (2) reasons why the resulting decision to merge or to acquire / be acquired was made. The two airlines American Airlines and US Airways merged on December 9th, 2013 to form the American Airline Group that became the biggest airline in the world. This merger was formed by the increased competition that airlines are facing in the business today. The merger presented an opportunity for both airlines to exploit the benefits of an extended network that would result after merging as opposed to when each operates independently. One of the main circumstances that surrounded the merger was the impending bankruptcy of American Airlines. The company had filed for bankruptcy in 2011 although it reverted to profitability in July the same year. The merger would increase access to business opportunities for both airlines, especially American Airlines that would reduce its exposure to financial risks, which was the initial cause for the company filing for bankruptcy. The merger would create increased synergies that would be evident through increased financial strength and flexibility in the market (DePamphilis, 2008). Each of the merged entities would have access to more destinations and larger clientele. Each of them would...
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...FIN 3210 Assignment - Mini-Research Paper and Oral Presentation This assignment is worth 10% towards your final grade and will be accomplished in small groups. For this assignment, groups will need to research a recent merger and acquisition (M&A) that has concluded or been proposed in the last year and a half (Since January 2013). It can be a complete merger, or one that was rejected, or is in progress. To emphasize the key points discussed in class, each group will write a short paper summarizing the chosen M&A action. On the due date, each group will turn-in their paper as well as make a 10-12 minute presentation to the class. Based on the number of students in the class (40), we will have 10 groups of 4 students each. | Paper/ Presentation Due Date |Topic |Team Members | |Sep 30 | | | |Sep 30 | | | |Sep 30 | | | |Sep 30 | | | |Sep 30 ...
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