Wealth Creation in the World’s Largest Mergers and Acquisitions

Wealth Creation in the World’s Largest Mergers and Acquisitions PDF Author: B. Rajesh Kumar
Publisher: Springer
ISBN: 303002363X
Category : Business & Economics
Languages : en
Pages : 341

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Book Description
This book highlights research-based case studies in order to analyze the wealth created in the world’s largest mergers and acquisitions (M&A). This book encourages cross fertilization in theory building and applied research by examining the links between M&A and wealth creation. Each chapter covers a specific case and offers a focused clinical examination of the entire lifecycle of M&A for each mega deal, exploring all aspects of the process. The success of M&A are analyzed through two main research approaches: event studies and financial performance analyses. The event studies examine the abnormal returns to the shareholders in the period surrounding the merger announcement. The financial performance studies examine the reported financial results of acquirers before and after the acquisition to see whether financial performance has improved after merger. The relation between method of payment, premium paid and stock returns are examined. The chapters also discuss synergies of the deal-cost and revenue synergies. Mergers and acquisitions represent a major force in modern financial and economic environment. Whether in times of boom or bust, M&As have emerged as a compelling strategy for growth. The biggest companies of modern day have all taken form through a series of restructuring activities like multiple mergers. Acquisitions continue to remain as the quickest route companies take to operate in new markets and to add new capabilities and resources. The cases covered in this book highlights high profile M&As and focuses on the wealth creation for shareholders of acquirer and target firms as a financial assessment of the merger’s success. The book should be useful for finance professionals, corporate planners, strategists, and managers.

Wealth Creation in the World’s Largest Mergers and Acquisitions

Wealth Creation in the World’s Largest Mergers and Acquisitions PDF Author: B. Rajesh Kumar
Publisher: Springer
ISBN: 303002363X
Category : Business & Economics
Languages : en
Pages : 341

Get Book Here

Book Description
This book highlights research-based case studies in order to analyze the wealth created in the world’s largest mergers and acquisitions (M&A). This book encourages cross fertilization in theory building and applied research by examining the links between M&A and wealth creation. Each chapter covers a specific case and offers a focused clinical examination of the entire lifecycle of M&A for each mega deal, exploring all aspects of the process. The success of M&A are analyzed through two main research approaches: event studies and financial performance analyses. The event studies examine the abnormal returns to the shareholders in the period surrounding the merger announcement. The financial performance studies examine the reported financial results of acquirers before and after the acquisition to see whether financial performance has improved after merger. The relation between method of payment, premium paid and stock returns are examined. The chapters also discuss synergies of the deal-cost and revenue synergies. Mergers and acquisitions represent a major force in modern financial and economic environment. Whether in times of boom or bust, M&As have emerged as a compelling strategy for growth. The biggest companies of modern day have all taken form through a series of restructuring activities like multiple mergers. Acquisitions continue to remain as the quickest route companies take to operate in new markets and to add new capabilities and resources. The cases covered in this book highlights high profile M&As and focuses on the wealth creation for shareholders of acquirer and target firms as a financial assessment of the merger’s success. The book should be useful for finance professionals, corporate planners, strategists, and managers.

The History of the Standard Oil Company

The History of the Standard Oil Company PDF Author: Ida Minerva Tarbell
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 924

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Book Description


Oil and Gas M&A

Oil and Gas M&A PDF Author: Marc Hammerson
Publisher:
ISBN: 9781787421486
Category : Consolidation and merger of corporations
Languages : en
Pages : 0

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Book Description
The downturn in the oil commodity price starting in 2014 had a chilling effect on oil and gas M&A. However, recent price stabilisation has improved the outlook for M&A activity, making a second edition of this book most timely.A feature of the M&A industry has always been its variety of participants, ranging from integrated energy conglomerates to entrepreneurial frontier explorers. New entrants include state-owned oil companies, financial investors, diversifying service contractors and oil traders. With the growth of specialist stock markets, junior and independent oil companies are better able to raise acquisition finance than ever before, and companies specialising in end-of-life reservoirs are filling the spaces left as oil majors go in search of new opportunities. Transaction types are also diverse and are completed using a variety of different deal structures. As well as providing chapters on each type of acquisition method, this book also includes an analysis of the underlying structuring decisions.In addition, this practical guide covers a number of ancillary areas, including valuations, financing, tax and accounting. Decommissioning liability is also considered in an M&A context. A number of new chapters are also featured, covering topics such as competition law, environmental law and dealing with material adverse changes. This comprehensive new edition will prove an essential resource to anyone involved in the upstream industry M&A process including lawyers, bankers, financiers, business executives, accountants and tax advisers.

Mastering the Merger

Mastering the Merger PDF Author: David Harding
Publisher: Harvard Business Press
ISBN: 9781422163405
Category : Business & Economics
Languages : en
Pages : 248

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Book Description
Today's corporate deal makers face a conundrum: Though 70% of major acquisitions fail, it's nearly impossible to build a world-class company without doing deals. In Mastering the Merger, David Harding and Sam Rovit argue that a laserlike focus on just four key imperatives--before executives finalize the deal--can dramatically improve the odds of M&A success. Based on more than 30 years of in-the-trenches work on thousands of deals across a range of industries--and supplemented by extensive Bain & Co. research--Harding and Rovit reveal that the best M&A performers channel their efforts into (1) targeting deals that advance the core business; (2) determining which deals to close and when to walk away; (3) identifying where to integrate--and where not to; and (4) developing contingency plans for when deals inevitably stray. Top deal makers also favor a succession of smaller deals over complex "megamergers"--and essentially institutionalize a success formula over time. Helping executives zero in on what matters most in the complex world of M&A, Mastering the Merger offers a blueprint for the decisions and strategies that will beat the odds.

Merger of Gas Companies

Merger of Gas Companies PDF Author: United States. Congress. Senate. Committee on the District of Columbia
Publisher:
ISBN:
Category : Gas companies
Languages : en
Pages : 44

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Book Description
Considers (71) S. 4066.

Mergers in the Petroleum Industry

Mergers in the Petroleum Industry PDF Author: United States. Federal Trade Commission
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 358

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Book Description


The Energy Mergers & Acquisitions Review

The Energy Mergers & Acquisitions Review PDF Author: Sean T. Wheeler
Publisher:
ISBN: 9781838627744
Category : Consolidation and merger of corporations
Languages : en
Pages : 104

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Book Description


Applied Operational Excellence for the Oil, Gas, and Process Industries

Applied Operational Excellence for the Oil, Gas, and Process Industries PDF Author: Dennis P. Nolan
Publisher: Gulf Professional Publishing
ISBN: 0128028025
Category : Technology & Engineering
Languages : en
Pages : 241

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Book Description
Applied Operational Excellence for the Oil, Gas, and Process Industries offers a straightforward practical guide for oil and gas companies to understand the comparisons and contrasts between various types of safety management processes, including the standardized structure and ongoing extended benefits that operational excellence can bring to an oil and gas company. The goal of achieving operational excellence is to reduce costs, improve productivity, and enhance efficiency—in other words, operational excellence contributes to the bottom line. Following along with pre-built success in the process industries, many companies in the oil and gas industry appear to use a subset form of operational excellence, yet many are unsure or unaware of all the safety system components that will truly benefit the company holistically, and current literature is only applicable to the process and manufacturing industries. Packed with clear objectives and tools, structure guidelines specific to oil and gas, and guidance for how to imbed your existing safety program under the operational excellence umbrella known as "One-Step Merger," this book will help you establish an overall safety culture vision and challenge your organization to achieve higher levels of safety management and overall company value. - Explores how to solidify a foundational operational excellence program applicable for your oil and gas company - Clarifies the differences and benefits among various programs under operational excellence (OE), such as SHE (safety, health, and environment), PSM (process safety management), and SMS (safety management system) - Explains how to audit and consistently assess how oil and gas OE systems are planned, implemented, and managed, with explanations on cost and time impacts as well as administrative protocols - Includes a glossary, acronym appendix, and additional references for further reading

A Comparative History of National Oil Companies

A Comparative History of National Oil Companies PDF Author: Alain Beltran
Publisher: Peter Lang
ISBN: 9789052015750
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
Proceedings of a conference held in Nov. 2003.

Black Diamonds! Black Gold!

Black Diamonds! Black Gold! PDF Author: Don Woodard
Publisher: Texas Tech University Press
ISBN: 9780896723795
Category : Business & Economics
Languages : en
Pages : 348

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Book Description
The portrayal of the events, people, and company that created a boomtown and a rare glimpse into the wheelings and dealings of cattle barons, oil tycoons, and politicos on a truly Texas scale.