its company, and one of the divisions it intends to shed is Mercury Athletic (MA), its footwear division. Lietdtke knows that acquiring Mercury Athletic would roughly double Active Gear’s revenue, increase its leverage with contract manufacturers, and expand its presence with key retailers and distributors. Before hearing the pitch from Active Gear’s bankers on a possible bid, Mr. Lietdke wants to do his own evaluation of Mercury Athletic first. From a qualitative perspective, MA is an appropriate
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MERCURY ATHLETIC FOOTWEAR Problem statement: West Coast Fashions, Inc a large business of men’s and women’s apparel decided to dispose of one of their segments; Mercury Athletic. John Liedtke, head of the business development for Active Gear, Inc saw it has a possible opportunity for them to acquire it. The footwear industry is very competitive, with low growth and stable profit margins. AGI is very profitable but it is smaller than its competitors, which is becoming a disadvantage. Therefore
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Libros de Gerencia Resumidos Curso corto para gerentes 33 tácticas para mejorar su carrera por Bil Holton y Cher Holton RESUMEN EJECUTIVO Bil y Cher Holton presentan 33 “recetas” cortas para mejorar de inmediato sus habilidades en el trabajo. Si se arriesga a probarlas, seguramente le ayudarán a ser más productivo, más efectivo y más visible ante los ejecutivos que le pueden ayudar en su carrera. Los consejos están clasificados por tópico: 1. Dar poder (Empower) a sus subordinados. 2. Actuar
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Mercedes-Benz USA, LLC AUTHORIZATION AGREEMENT FOR AUTOMATIC PAYROLL AND ACCOUNTS PAYABLE DEPOSIT To: Payroll Department, Montvale Check One: [ ] New Authorization [] Cancellation [ ] Change – Please note reason: ____________________________________________ Please Print Financial Institution: ________________________________________________________________ Address (Local Branch): ________________________________________________________________ City, State, Zip Code: ________________________________________________________________
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------------------------------------------------- Mercury Athletic Footwear: Valuing the Opportunity By Christian Daba Submitted To John Katkish Background West Coast Fashions, Inc has decided to sell one of their segments, Mercury Athletic in the context of a broader reorganization. The head of the business development for Active Gear, Inc(AGI), John Liedtke, views this event as a good opportunity to acquire Mercury Athletic. Acquiring Mercury, to a large extent, is driven by that Mercury would double Active
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summary to sum up analytical results and recommendation. (10%) (2) Review the projections formulated by Liedtke. Are they appropriate? How would you recommend modifying them? (15%) (3) Estimate the present value and internal rate of return for the Mercury acquisition using a discounted cash flow approach and Liedtke’s base case projections. Clearly indicate and justify the values used for all relevant cost of capital calculations and defend any assumptions that you felt were necessary. (20%) (4) Perform
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(WCF) was a large business, which dealt with men’s and women’s apparel. One of their segments was Mercury Athletic Footwear. WCF wanted to dispose off this segment. They just wanted to divest because they wanted to focus more on their core business and move it up to the elite class. John Liedtke was the Business Development Head at that time in Active Gear Inc. He had a clear idea that acquiring Mercury will shoot up AGI’s revenues for sure. It would also ensure an expansion of the key business. In
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1 The Value of Synergy Aswath Damodaran Stern School of Business October 2005 2 The Value of Synergy Many acquisitions and some large strategic investments are often justified with the argument that they will create synergy. In this paper, we consider the various sources of synergy and categorize them into operating and financial synergies. We then examine how best to value synergy in any investment and how sensitive this value is to different assumptions. We also look at how this synergy
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Title: American muscle Purpose: After listening to my speech my audience will be familiar with the three American muscles of the 60’s. Thesis: Although there were many American Muscles cars created in the 60’s only three were widely recognized. I. Introduction A. Attention Getter: A loud roar is heard in the distance as the driver revs his engine. Eight cylinders of Intense power with its five speed transmission. Cars that are meant to be raced and compared to each other
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History Venus was formed 4.6 billion years ago along with the Sun and the solar system. Large amounts of dust and gases accumulated over many years to form the planet. Venus is thought to be the result of a large collision. This is due to the fact that Venus rotates differently than the other planets in our solar system. Venus is commonly referred to as Earth's "sister planet" because of their similarity in size as well as a similar gravitational force. Although Venus and Earth share some similarities
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