‏367.00 ₪

Material Adverse Change - Lessons from Failed M&As

‏367.00 ₪
ISBN13
9781118066898
יצא לאור ב
New York
זמן אספקה
21 ימי עסקים
עמודים
216
פורמט
Hardback
תאריך יציאה לאור
5 ביוני 2018
שם סדרה
Wiley Finance Editions
The ultimate guide to successful M&As no matter how the economy's doing No one has written about the true root causes of the recent large M&A failures and why the mergers that were supposed to save the companies and the economy did not work.
The ultimate guide to successful M&As no matter how the economy's doing No one has written about the true root causes of the recent large M&A failures and why the mergers that were supposed to save the companies and the economy did not work. Material Adverse Change not only shows the sequence of events that led to some M&A failures, but provides a detailed review of the root causes and personality traits that drove the outcomes. By looking at the true motivations behind the deals, we can learn a lot about what works and common pitfalls that need to be overcome. * Provides an inside look on why recent, highly publicized deals were allowed to happen * Explores the factors behind motivating CEOs to put their careers on the line to acquire * Offers recent M&A case studies that took place during the Great Recession, including Bank of America's purchase of Merrill Lynch and Kraft's purchase of Cadbury Large M&A transactions have become a much more important element to the state of the global economy. Material Adverse Change provides practical advice on how to avoid the mistakes made by others and then to apply the practices deployed to make successful deals.
מידע נוסף
עמודים 216
פורמט Hardback
ISBN10 1118066898
יצא לאור ב New York
תאריך יציאה לאור 5 ביוני 2018
תוכן עניינים Introduction: The Risks and Opportunities of Doing a Deal xi Chapter 1 Why Bad Deals Happen 1 A Practical Approach to Mergers and Acquisitions 3 A Case Study: RBS Buys ABN AMRO 4 Motivations for Deals 5 A Case Study: Bank of America Buys Merrill Lynch 5 Using M&A to Divert Attention 12 Using M&A to Grow Quickly 12 Using M&A to Solve Problems 13 Horizontal and Vertical Mergers 14 Conclusion 16 Chapter 2 Buy or Build? 19 A Case Study: Commerce Bank 21 A Case Study: Metro Bank 26 Is There Anything in Between? 29 A Case Study: Dow Corning Joint Venture 31 A Case Study: Bucknell Industries 32 Conclusion 34 Chapter 3 Let the Buyer Beware 37 Wachovia Buys Golden West 40 AOL Time Warner Merger 46 Wells Fargo Buys Wachovia 48 Chapter 4 The Opportunities and Risks of Expanding Your Business Globally 51 Telenor India Joint Venture 54 Telenor's Global Strategy over Time 56 Telenor Expands into Eastern Europe 57 Telenor Pushes into Asia 59 The Telenor Unitech Joint Venture 61 Postmortem on the Telenor Unitech Joint Venture 63 Lessons Learned 64 Trends for the Future 67 Chapter 5 Culture Is Critical 69 A Case Study from China 71 A Case Study from Japan 74 A Summary of Other Best Practices 76 Chapter 6 Who Is Behind the Curtain? 85 A Case Study: Lloyds HBOS 87 A Case Study: Kraft Buys Cadbury 96 Chapter 7 Is It Too Late to Back Out? 103 Case Study One: Bank of America Purchases Merrill Lynch 106 Case Study Two: AT&T/T Mobile 110 Case Study Three: Verizon Bids for Yahoo 115 Conclusion 116 Chapter 8 How to Negotiate a Better Deal 119 Ten Best Practices for Effective Negotiation 124 Chapter 9 Making It Right 135 Background 137 Be Strategic 138 Maintain a Rational Organizational Structure 140 Structure the Deal Properly 141 Recognize the Importance of Brand 142 Efficient Distribution 143 Beware of Culture 144 Have Financing Lined Up in Advance 145 Establish an Appropriate M&A Approval Process 145 Integrate Early and Often 146 Clear Legal and Regulatory Process 146 Don't Overpay 147 Continuous Learning 148 A Case Study: J.P. Morgan Buys Bear Stearns 148 Conclusion 152 Chapter 10 Where Do We Go from Here? 155 How Fast We Forget 157 Appendix A Trinity International/American Public Media Group: Material Adverse Change Clause 169 Appendix B Bank of America/Merrill: Material Adverse Change Clause 171 About the Author 175 Index 177
זמן אספקה 21 ימי עסקים