Financial Determinants of Merger Premiums in the Investment Banking Industry PDF Download
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Author: Jerry L. Knutson
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 306
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Book Description
Author: Jerry L. Knutson
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 306
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Book Description
Author: Belen Diaz Diaz
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
This study aims at analysing the determinants of the premium paid in European banking mergers and acquisitions (Mamp;A). This analysis will highlight the reasons for the bank Mamp;A wave during the 1990s.The empirical study analyses a sample of 81 European banking mergers and acquisitions from 1994 to 2000.The results show that there are different variables that make the target bank attractive for the acquirer, such as the percentage of equity, the percentage of loans and financial profitability. However, geographical and product diversification have not been considered by the acquirers as a reason to pay higher premiums. Moreover, when analysing a sub-sample of savings banks and cooperatives, it is found that Mamp;A deals have been used as a protection measure to avoid being acquired, since these acquisitions aim at attaining a great size, what implies higher premiums are paid for mergers between equals, for acquisitions of higher banks and by those who show lower growth.
Author: Benton E. Gup
Publisher: Springer Science & Business Media
ISBN: 9400925247
Category : Business & Economics
Languages : en
Pages : 242
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Book Description
Historians of our financial system will record this as an age of deregulation and bank mergers. Deregulation, a cornerstone of President Reagan's Administration, resulted in federal and state legislation that contributed to increased competition for financial services and increased merger activity. During the 1981-1986 period, there were 2,139 mergers in banking and finance, accounting for 16 percent of total merger activity.l More mergers occurred in banking and finance than in any other industry. Because of these bank mergers, there are vast amounts of data avail able for scholarly research. This book presents some results of that research which will be of interest to academics, bankers, investors, legislators, and regulators. The book consists of ten articles, and it is divided into three parts. Part 1: National and Regional Bank Mergers gives a broad perspective of merger activity. The first article by Peter S. Rose compared the growth of bank holding companies that merged with those that did not merge. One conclusion of his study was that banks planning mergers tended to be aggressively managed and were often beset by problems, such as low profitability or declining loan quality. Mergers were one solution to their problems. But he found no solid evidence that mergers resulted in greater profitability or reduced risk. He also observed that acquiring banks did not seem to grow faster than those choosing not to merge.
Author: Randolph Beatty
Publisher:
ISBN:
Category : Bank holding companies
Languages : en
Pages : 50
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Book Description
Author: Eric C. Brown
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 542
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Book Description
Author: Jerilyn J. Castillo
Publisher: Circinus Business Press
ISBN: 9780976154808
Category : Business & Economics
Languages : en
Pages : 790
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Book Description
"... Is a comprehensive primer on investment banking. It is rooted in practical advice as well as experience-based methods, and provides clear descriptions and numerical examples of many of the analyses undertaken on the job. Designed to demystify this closed-door world, The Practitioner's Guide clarifies and explains many of the formal and informal aspects of investment banking."--Book flap.
Author: Michael E. S. Frankel
Publisher: John Wiley & Sons
ISBN: 1119274257
Category : Business & Economics
Languages : en
Pages : 329
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Book Description
The essential executive M&A primer, with practical tools and expert insight Mergers and Acquisitions Basics provides complete guidance on the M&A process, with in-depth analysis, expert insight, and practical tools for success. This new second edition has been updated to reflect the current M&A landscape, giving busy executives the ideal resource for navigating each step in the process. Veteran executives relate guidelines, lessons learned, and mistakes to avoid as they explain how M&As work, identify the major players, and describe the roles involved in a successful transaction. Both buyer and seller must consider a broad range of factors, and this essential guide provides checklists, forms, sample reports, and presentations to help you avoid surprises and ensure your organization's full preparation for the deal. Equity investments, valuation, negotiation, integration, legal aspects, and more are explained in detail to provide a foundational primer for anyone seeking to clarify their role in the process. Mergers and acquisitions are becoming ever more critical to the growth of large and mid-sized companies. This book balances depth and breadth to provide a one-stop guide to maximizing the financial and operational value of the deal. Identify key drivers of purchase or sale Understand major roles, processes, and practices Avoid valuation detractors and negotiate effectively Overcome common challenges to successful integration Effective M&As are highly strategic, solidly structured, and beneficial on both sides. It's a complex process with many variables, many roles, and many potential pitfalls, but navigating the deal successfully can mean the difference between growth and stagnation. Mergers and Acquisitions Basics is the comprehensive resource every executive needs to understand the ins-and-outs of strategic transactions.
Author: James R. Glenn
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 484
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Book Description
Author: Tara J. Shawver
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 288
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Book Description
Author: H. Peter Nesvold
Publisher: McGraw Hill Professional
ISBN: 0071750304
Category : Business & Economics
Languages : en
Pages : 496
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Book Description
Pessimists see distressed M&A . . . Optimists see distressed M&A Opportunities abound in “bankruptcy beauties”—both in good times and bad. Distressed mergers and acquisitions used to be the domain of a handful of specialists, who generated handsome profits by unlocking value in troubled companies. Now, you can learn the secrets for participating in these deals with knowledge and confidence. The Art of Distressed M&A provides the critical information needed to manage the unique complexities of buying, selling, and financing troubled companies. The Art of Distressed M&A arms you with creative solutions to seemingly impossible problems and helps you to avoid common pitfalls. This comprehensive guide enables you to: Understand the roles, rights, and responsibilities of debtors, secured creditors, unsecured creditors, advisors, trustees, and bankruptcy courts Navigate through complicated valuation, financing, legal, accounting, and tax issues Communicate effectively and make informed proposals in multiparty negotiations Create the optimal deal structure—from prepackaged plans of reorganization to 363 sales to loan-to-own transactions The Art of Distressed M&A also highlights practical examples using recent bankruptcy cases following the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 and is the first publication of its kind since The Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.
