本文给予投资者判断企业并购绩效的新视角， 并且提出如何提高 并购绩效的建议，对于零售行业加速整合，规范市场行为有很好的借 鉴和参考价值。 关键词：零售业，并购，财务指标 The Financial Analysis of the Effect of Mergers and Acquisitions in Retailing of China Abstract China's retail industry started in the early 1990s, has experienced 20 years of vigorous development, and now begins to enter the period of mergers and acquisitions. From financial aspect, the main motive of M&A in retailing is to increase profits, or reduce costs. Therefore, M&A performance also
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major cause to why 70% (Keller and Aiken 2008) of change and 50% (Sher 2012) of M&A efforts fail. This common pitfall suggests that both of these issues impact heavily on the employee and vice versa. The author aims to critique change management and merger literature to provide an extensive view of these issues in the business environment. Once the relevant context is set, the essay will focus towards the employee perspective of these two issues and will apply significant theory to a range of recent
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Post-Merger Analysis HAS/525 Evangeline Hampton Debra Beazley May 28, 2014 Introduction There are a number of financial drivers that would likely cause health care organizations to merge, meaning the main motives behind why two firms would assume that they are more financially sound as compared to being alone. These kinds of firms are more concerned in innovation based offerings and are always considering ways through which they could take a leap forward. The new phenomena driving the healthcare
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Glencore Xstrata: merge of equals | Mergers & Acquisitions | | Kirill Danilov IMBA April 2012 IE Business School | 1. Merger Rationale/Strategic Reasoning of the Transaction A soon merger between world biggest commodity trader Glencore and global leading mining company Xstrata will create new vertically integrated company with business value $90 billion. This deal will allow to created natural resources giant to become a fourth biggest one in the industry and cover full range
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Cogent Communications, Intel, and Others: Mergers Go More Smoothly When Your Data Are Ready Sheila D. Clemmons Ashford University Instructor Dr. Riley March 25, 2013 Place yourself in the role of a manager at a company undergoing a merge or acquisition. What would be the most important things customers would expect from you while still in that process? What role would IT play in meeting those expectations? Provide at least three examples. To help ensure communication and what
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MERCK ACQUISITION OF MEDCO Thomas Banks F561 Mergers & Acquisitions Professor Watson May 26, 2013 Introduction On July 28, 1993, Merck & Company, then the world’s largest drug manufacturer, announced that it planned to acquire, for $6.6 billion, Medco Containment Services Incorporated, the largest prescription benefits management company (PBM) and marketer of mail-order medicines in the United States. This merger reflected fundamental changes taking place in the pharmaceutical industry
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Chapter 2: Global Outlook Will the next wave of m&a create more value? After the M&A activity slowdown of the early 2000s, the market is experiencing a new surge of mergers and acquisitions. It is largely known that in the past, two-thirds of M&A transactions have destroyed value, often resulting in abject failure. In this context, the key question today is: Will the new wave of M&A create more value than the previous one? Lessons from the past, we have tried to identify the
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Proposed Merger Between Staples and Office Depot Leads to Concerns of Higher Prices Michael Baye and Patrick Scholten prepared this case to serve as the basis for classroom discussion rather than to represent economic or legal fact. The case is a condensed and slightly modified version of the public copy of the FTC's motion for a temporary restraining order and preliminary injunction against the proposed merger between Staples and Office Depot dated April 10, 1997. No 1:97CV00701. OFFICE SUPPLY
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Faculty University of Phoenix Online Change and Culture Case Study I For more than four decades, mergers have engrossed researchers. They are enticed by the increasing frequency and failure of mergers. Mergers and acquisitions are both precarious and complex. As they become more common, researchers are captivated in the inclusive effect a merger has on the internal and external cultures. From the initial announcement, to the long process of integrating the companies
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to the purchase of an Australian beef company and 50% stake in the Italian meat company. These multiple acquisitions and mergers failed to articulate the company’s initial vision and philosophy, which is as follows: “We focus only on what we can control, and forget the rest.” The biggest problem that JBS is facing is that it is simply taking on too many acquisitions and mergers than they could actually handle in a short period of time, which caused the company itself to result into more debt liability
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