This document discusses mergers, acquisitions, and joint ventures. It defines mergers as a combination of two companies on an equal basis to create a stronger competitive advantage. Acquisitions involve one company purchasing another to make it a subsidiary. Joint ventures are short-term partnerships between two companies for a specific project, after which the partnership dissolves. The document provides examples and compares the key differences between mergers, acquisitions, and joint ventures. It also outlines some of the largest M&A deals in India, such as Tata Steel acquiring Corus for $12.2 billion.
Merger and Acquisition ppt - SlideShareJanvhi Sahni
International Business Management (IBM) - BBA & MBA NOTES / POWER POINT PRESENTATION.... This ppt will tell you about the merging and takeover companies in India along with various examples. Presented By: Janvhi
Merger and Acquisition ppt - SlideShareJanvhi Sahni
International Business Management (IBM) - BBA & MBA NOTES / POWER POINT PRESENTATION.... This ppt will tell you about the merging and takeover companies in India along with various examples. Presented By: Janvhi
Mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or new location.
corporate governance and role in strategic managementzeba khan
describes the concept of corporate governance along with need and benefits of corporate governance. highlights the role and importance of corporate governance in strategic management.
The Concept
A stable strategy arises out of a basic perception by the management that the firm should concentrate on using its present resources for developing its competitive strength in particular market areas.
In simple words, stability strategy refers to the company’s policy of continuing the same business and with the same objectives
A firm pursues stability strategy when
1. It continues to serve the public in the same product or service, market, and function sectors as defined in its business definition.
2. Its main strategic decisions focus on incremental improvement of functional performance.
2. Corporate Restructuring is the process of redesigning one or more aspects of a company.
3. The process of reorganizing a company may be implemented due to a number of different factors, such as positioning the company to be more competitive, surviving a currently adverse economic climate, or acting on the self confidence of the corporation to move in an entirely new direction.
This analysis is an important tool used to optimize the capital structure for highest earnings for shareholders
It helps in understanding the sensitivity of EPS at given level of Earning before Interest & Tax under different sources of financing
It helps in analyzing how capital structure decision is important to raise the value of firm
An optimal financing structure minimizes the cost of capital and maximizes the earnings
Earning Per Share under different Capital structure plans
Plan 1 ( Only Equity Shares )
EPS = (EBIT (1−Tax rate))/(No. of Outstanding Shares)
Plan 2 ( Equity Shares & Debt )
EPS = ((EBIT −Interest) (1−Tax rate))/(No. of Outstanding Shares)
Plan 3 (Equity, Debt & Preference Shares)
EPS = ((EBIT −Interest) (1−Tax rate)−Pref. Dividend)/(No. of Outstanding Shares)
Plan 4 (Equity shares & Preference Shares)
EPS = (EBIT (1−Tax rate)−Pref. Dividend)/(No. of Outstanding Shares)
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Core competency is a concept in management theory introduced by, C. K. PRAHALAD and GARY HAMEL.
It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace“
Core competency are the skills, characteristics, and assets that set your company apart from competitors.
They are the fuel for innovation and the roots of competitive advantage.
The engine for new business development, underlying component of a company’s competitive advantage created from the coordination, integration and harmonization of diverse skills and multiple streams of technologies.
This PPT contains the full detail of topic leverage in financial management
it covers following topics :-
Meaning of Leverage
Types of Leverage
Operating Leverage
Financial Leverage
Difference between Operating & Financial Leverage
Combined Leverage
Illustrations
Exercise
Mergers and acquisitions (abbreviated M&A) refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or new location.
corporate governance and role in strategic managementzeba khan
describes the concept of corporate governance along with need and benefits of corporate governance. highlights the role and importance of corporate governance in strategic management.
The Concept
A stable strategy arises out of a basic perception by the management that the firm should concentrate on using its present resources for developing its competitive strength in particular market areas.
In simple words, stability strategy refers to the company’s policy of continuing the same business and with the same objectives
A firm pursues stability strategy when
1. It continues to serve the public in the same product or service, market, and function sectors as defined in its business definition.
2. Its main strategic decisions focus on incremental improvement of functional performance.
2. Corporate Restructuring is the process of redesigning one or more aspects of a company.
3. The process of reorganizing a company may be implemented due to a number of different factors, such as positioning the company to be more competitive, surviving a currently adverse economic climate, or acting on the self confidence of the corporation to move in an entirely new direction.
This analysis is an important tool used to optimize the capital structure for highest earnings for shareholders
It helps in understanding the sensitivity of EPS at given level of Earning before Interest & Tax under different sources of financing
It helps in analyzing how capital structure decision is important to raise the value of firm
An optimal financing structure minimizes the cost of capital and maximizes the earnings
Earning Per Share under different Capital structure plans
Plan 1 ( Only Equity Shares )
EPS = (EBIT (1−Tax rate))/(No. of Outstanding Shares)
Plan 2 ( Equity Shares & Debt )
EPS = ((EBIT −Interest) (1−Tax rate))/(No. of Outstanding Shares)
Plan 3 (Equity, Debt & Preference Shares)
EPS = ((EBIT −Interest) (1−Tax rate)−Pref. Dividend)/(No. of Outstanding Shares)
Plan 4 (Equity shares & Preference Shares)
EPS = (EBIT (1−Tax rate)−Pref. Dividend)/(No. of Outstanding Shares)
Thank You For Waching
Subscribe to DevTech Finance
Core competency is a concept in management theory introduced by, C. K. PRAHALAD and GARY HAMEL.
It can be defined as "a harmonized combination of multiple resources and skills that distinguish a firm in the marketplace“
Core competency are the skills, characteristics, and assets that set your company apart from competitors.
They are the fuel for innovation and the roots of competitive advantage.
The engine for new business development, underlying component of a company’s competitive advantage created from the coordination, integration and harmonization of diverse skills and multiple streams of technologies.
This PPT contains the full detail of topic leverage in financial management
it covers following topics :-
Meaning of Leverage
Types of Leverage
Operating Leverage
Financial Leverage
Difference between Operating & Financial Leverage
Combined Leverage
Illustrations
Exercise
Joint Venture & Strategic Alliance- hu consultancyHU Consultancy
A Joint Venture (JV) is a business arrangement in which two or more parties agree to pool their resources and expertise to achieve a particular goal. The risks and rewards of the enterprise are also shared.
For Joint Venture & Strategic Alliance contact us at (020) 2442 – 0209. Visit http://huconsultancy.com/
Joint Commission and Patients for Patient Safety. Laura Botwinick. III International Conference on Patient Safety: "Patients for Patient Safety" (Madrid, Ministry of Health and Consumer Affairs, 2007)
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These graphics were prepared for a brief presentation introducing myself to my co-workers in a new office. There are over 60 graphic slides, but I'm confident I'll be able to move through them quickly and be finished in less than 10 minutes.
presentation on a merger and acquisition, a quick revision on the subject on M&A with an overview of it, with example to understand the concepts better
Mergers and acquisitions framework | Veristrat Inc.Veristrat Inc
Mergers and Acquisitions : Amergerisacombinationoftwoormorecompanieswhereonecorporationiscompletelyabsorbedbyanothercorporation. Acquisition essentially means 'to acquire’ or ‘to takeover’.
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
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Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
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Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
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External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
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VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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2. Principles and Practices of Sustainability
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4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Unveiling the Secrets How Does Generative AI Work.pdfSam H
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What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
2. MEANING
Merger
•A transaction where two firms agree to integrate their
operations on a relatively co-equal basis because they
have resources and capabilities that together may
create a stronger competitive advantage.
•The combining of two or more companies, generally by
offering the stockholders of one company securities in
the acquiring company in exchange for the surrender of
their stock
•Example: Company A+ Company B= Company C.
3. ACQUISITION
• A transaction where one firms buys another firm
with the intent of more effectively using a core
competence by making the acquired firm a
subsidiary within its portfolio of business
• It also known as a takeover or a buyout
• It is the buying of one company by another.
• In acquisition two companies are combine
together to form a new company altogether.
• Example: Company A+ Company B= Company
A.
5. MERGER ACQUISITION
DIFFERENCE BETWEEN MERGER AND
ACQUISITION:
i. Merging of two
organization in to one.
ii. It is the mutual decision.
iii. Merger is expensive than
acquisition(higher legal
cost).
iv. Through merger
shareholders can increase
their net worth.
v. It is time consuming and
the company has to
maintain so much legal
issues.
vi. Dilution of ownership
occurs in merger.
i. Buying one organization
by another.
ii. It can be friendly
takeover or hostile
takeover.
iii. Acquisition is less
expensive than merger.
iv. Buyers cannot raise their
enough capital.
v. It is faster and easier
transaction.
vi. The acquirer does not
experience the dilution of
ownership.
6. WHY IS IMPORTANT PROBLEM WITH MERGER
MERGER:WHY & WHY NOT
i. Increase Market
Share.
ii. Economies of scale
iii. Profit for Research
and development.
iv. Benefits on account
of tax shields like
carried forward losses
or unclaimed
depreciation.
v. Reduction of
competition.
i. Clash of corporate
cultures
ii. Increased business
complexity
iii. Employees may be
resistant to change
6
7. WHY IS IMPORTANT PROBLEM WITH ACUIQISITION
ACQUISITION:WHY & WHY NOT
i. Increased market
share.
ii. Increased speed to
market
iii. Lower risk
comparing to
develop new
products.
iv. Increased
diversification
v. Avoid excessive
competition
i. Inadequate
valuation of
target.
ii. Inability to
achieve synergy.
iii. Finance by taking
huge debt.
7
8. PROCESS OF MERGER & ACQUISITION IN INDIA:
i. Approval of Board of Directors
ii. Information to the stock exchange
iii. Application in the High Court
iv. Shareholders and Creditors meetings
v. Sanction by the High Court
vi. Filing of the court order
vii. Transfer of assets or liabilities
viii.Payment by cash and securities
Maximum Waiting period:210 days from the filing of notice(or
the order of the commission - whichever earlier).
9. MEANING OF JOINT
VENTURE
Joint venture is the co operation of two or more
individuals or business in which each agrees to
share profit, loss and control in a specific
enterprise.
10. FEATURES OF JOINT
VENTURE
• Joint venture is a short duration special purpose partnership.
• Joint venture does not follow the accounting concept 'going concern'.
• The members of joint venture are known as co-ventures.
• Joint venture is a temporary business activity.
• In joint venture, profits and losses are shared in agreed proportion. If there is
no agreement regarding the distribution of profit, they will share profit
equally.
• Joint venture is an agreement for polling of capital and business abilities to
be employed in some profitable venture.
11. ADVANTAGES
• Accessing additional financial resources:
• Sharing the economic risk with co-venturer
• Widening economic scope fast
• Tapping newer methods, technology, and approach you do not have
• Building relationship with vital contacts
12. DISADVANTAGES
• Shared profit – Since you share assets, you also share the profit.
• Diminished control over some important matters - Operational control and
decision making are sometimes compromised in joint ventures.
• Undesired outcome of the quality of the product or project.
• Uncontrolled or unmonitored increase in the operating cost
13. DIFFERENCE BETWEEN MERGER, ACQUISITION &
JOINT VENTURE
• Merger = two companies come together "permanently" for
mutual gains or to reduce competition
• Acquisition = one company buys another company which may
or may not be doing well
• Takeover = same like "acquisition", but generally a company
buys another company which is not doing well or has gone
bankrupt.
• Joint Venture = two companies come together "temporarily" for
mutual gains for a particular project/job. after the project/job is
completed the joint venture is dissolved.
15. • January 30, 2007
• Largest Indian take-
over
• After the deal TATA’S
became the 5th largest
STEEL co.
• 100 % stake in CORUS
paying Rs 428/- per
share
Image: B Mutharaman, Tata Steel MD; Ratan
Tata, Tata chairman; J Leng, Corus chair;
and P Varin, Corus CEO.
1. Tata Steel-Corus: $12.2 billion
16. 2. VODAFONE-HUTCHISON
ESSAR: $11.1 BILLION
• TELECOM sector
• 11th February 2007
• 2nd largest
takeover deal
• 67 % stake holding
in hutch
Image: The then CEO of Vodafone
Arun Sarin visits Hutchison
Telecommunications head office in
Mumbai.
17. 3. HINDALCO-NOVELIS: $6
BILLION
• June 2008
• Aluminium and
copper sector
• Hindalco Acquired
Novelis
Hindalco entered
the Fortune-500
listing of world's
largest companies
by sales revenues
Image: Kumar Mangalam Birla
(center), chairman of Aditya Birla
Group.
18. 4. RANBAXY-DAIICHI SANKYO: $4.5
B
• Pharmaceuticals sector
• June 2008
• Acquisition deal
• largest-ever deal in the
Indian pharma industry
• Daiichi Sankyo
acquired the majority
stake of more than 50
% in Ranbaxy for Rs
15,000 crore
• 15th biggest drugmaker
Image: Malvinder Singh (left), ex-
CEO of Ranbaxy, and Takashi
Shoda, president and CEO of
Daiichi Sankyo.
19. 5. ONGC-IMPERIAL
ENERGY:$2.8BILLION
• January 2009
• Acquisition deal
• Imperial energy is a
biggest chinese co.
• ONGC paid 880 per
share to the
shareholders of
imperial energy
• ONGC wanted to tap
the siberian market
Image: Imperial Oil
CEO Bruce March.
20. 6. NTT DOCOMO-TATA TELE: $2.7
B
• November 2008
• Telecom sector
• Acquisition deal
• Japanese telecom
giant NTT DoCoMo
acquired 26 per cent
equity stake in Tata
Teleservices for about
Rs 13,070 cr.
Image: A man walks past a signboard
of Japan's biggest mobile phone
operator NTT Docomo Inc. in Tokyo.
21. 7. HDFC BANK-CENTURION
BANK OF PUNJAB: $2.4 BILLION
• February, 2008
• Banking sector
• Acquisition deal
• CBoP shareholders
got one share of
HDFC Bank for every
29 shares held by
them.
• 9,510 crore
Image: Rana Talwar (rear) Centurion
Bank of Punjab chairman, Deepak
Parekh, HDFC Bank chairman.
22. • March 2008 (just a
year after acquiring
Corus)
• Automobile sector
• Acquisition deal
• Gave tuff
competition to M&M
after signing the deal
with ford
Image: A Union flag flies behind a
Jaguar car emblem outside a
dealership in Manchester, England.
8. Tata Motors-Jaguar Land Rover: $2.3 billion
24. 10. SUZLON-REPOWER: $1.7
BILLION
• May 2007
• Acquisition deal
• Energy sector
• Suzlon is now the
largest wind
turbine maker in
Asia
• 5th largest in the
world.
Image: Tulsi Tanti, chairman &
M.D of Suzlon Energy Ltd.
25. 11. RIL-RPL MERGER: $1.68
BILLION
• March 2009
• Merger deal
• amalgamation of
its subsidiary
Reliance Petroleum
with the parent
company Reliance
industries ltd.
• Rs 8,500 crore
• RIL-RPL merger
swap ratio was at
16:1
Image: Reliance Industries'
chairman Mukesh Ambani.