From “Strategic Fit” to Synergy Evaluation in M&A Deals
Journal Title: Caspian Journal of Applied Sciences Research - Year 2012, Vol 1, Issue 12
Abstract
The aim of this paper is to grasp the processes underlying the genesis and assessment of synergies in M&A deals. We proceed to an in-depth scrutiny of the foundations of synergies using Porter’s model of the value chain. A discernment of the nature of synergies and the mode of their emergence is helpful to clarify to what extent and under which boundary conditions it is appropriate to apply the DCF or the real option techniques for evaluating each type of synergy. Combining both financial tools, the methodology suggested for evaluating the synergies is able to: evaluate projects of M&As, orient the selection of target firms and the definition of the premium of acquisition, and drive the integration processes.
Authors and Affiliations
Arabella Li Destri, Pasquale Picone, Anna Minà
Keywords
Related Articles
- EP ID EP125097
- DOI -
- Views 113
- Downloads 0
Soret and Dufour Effects on Unsteady MHD Mixed Convection Flow Past a Vertical Porous Plate With Thermal Radiation
Soret and Dufour effects on unsteady on an unsteady magneto hydrodynamic mixed convection flow past a vertical porous plate with thermal radiation have been studied numerically. The non-linear partial differential equati...
T -Roughness in Modules
This paper concerns algebraic aspects of generalized approximation spaces. Concepts of T- rough moduls and generalized T- rough modules. In addition, we give some properties of such modules and discuss the relatio...
Simulation of leaching nitrate with HYDRUS-1D in lysimetery studying under wheat cultivated in arid and semi-arid conditions of Dezful, Iran
Nitrogen is considered as an essential element for plants. However, its high solubility results in leaching it into soil deep. Due to saving in time and costs, mathematic models are commonly used in simulating some param...
Temporal and Spatial Variations of Finfish Bycatch of Cutlassfish Trawl Fisheries in Bushehr and Hormozgan Waters, the Northern Persian Gulf
The spatial and temporal variations of finfish bycatch assemblages cutlassfish trawl were compered in two fishing area (Hormozgan and Bushehr waters). Data were collected on board of commercial vessels in the fishing gro...
Synthesis and Characterization of Superwater Absorbent Hydrogel from Cassava Starch and Acrylic Acid Blends by the Application of γ-Radiation
Synthesis of hydrogel with superwater absorbent (SWA) properties was performed from aqueous solution of cassava starch/acrylic acid blends with radiation processing technology using Co-60 gamma source at room tempe...