Analisis Merger

Analisis Merger. Measuring The Impact on PerShare MetricsPro Forma AnalysisUsed by Both Buyers and SellersRead More About M&AIn order to fully analyze the impact the company owners must compare the standalone acquirer to the newly combined business An effective way of doing this is through EPS accretion/dilutionAccretion DilutionAccretion Dilution Analysis is a simple test used to determine whether a proposed merger or acquisition will increase or decrease posttransaction EPS This is a simple test that shows whether the proposed deal will increase or decrease the posttransaction earnings per share (EPS)Earnings Per Share Formula (EPS)EPS is a financial ratio which divides net earnings available to common shareholders by the average outstanding shares over a certain period of time The EPS formula indicates a company’s ability to produce net profits for common shareholdersfor the buyer In order to obtain a breakeven impact on EPS pretax synergies are required However this analysis must also be performed in conjunction with other valuation methodsValuation MethodsWhen valuing a company as a g Using pro forma calculations to estimate the “benefit” of a merger or acquisition is important as it allows the acquirer to determine what price he is willing/ able to pay Beyond the amount that he is willing to pay there is the form of consideration that he is able to use in order to pay for the transition of ownership (cash stockStock AcquisitionIn a stock acquisition the individual shareholder(s) sell their interest in the company to a buyer With a stock sale the buyer is assuming ownership of both assets and liabilities – including potential liabilities from past actions of the business The buyer is merely stepping into the shoes of the previous owner other securities or a combination) All of this then ties into how the deal will be structured and what type of tax considerationsSection 368Section 368(A)(1) outlines a format for US tax treatment of corporate reorganizations as described in the Internal Revenue Code of 1986will be taken/given Not only does the acquirer (buyer) need to analyze the consequences of a merger but the seller must also determine if it makes sense to them Will merging the company be good for business both financially and credibility wise? Will acquiring the company allow the seller to earn a sufficient return on their capital? CFI is the official provider of the Financial Modeling & Valuation AnalystBecome a Certified Financial Modeling & Valuation Analyst (FMVA)®CFI&#39s Financial Modeling and Valuation Analyst (FMVA)® certification will help you gain the confidence you need in your finance career Enroll today!designation and on a mission to help you advance your career To learn more check out the following CFI resources 1 TaxFree ReorganizationTaxFree ReorganizationTo qualify as a taxfree reorganization a transaction must meet certain requirements which vary greatly depending on the form of the transaction 2 Type A ReorganizationType A ReorganizationA Type A reorganization is a statutory merger or consolidation which is classified under Section 368 of the IRC 3 Section 368Section 368Section 368(A)(1) outlines a format for US tax treatment of corporate reorganizations as described in the Internal Revenue Code of 1986 4 Debt ScheduleDebt ScheduleA debt schedule lays out all of the debt a bu.

Analisis Merger pada Bank Syariah Indonesia Ricardo Marcelino Bank Syariah Indonesia (BSI) Pengembangan organisasi merupakan sesuatu hal yang penting untuk diterapkan pada seluruh organisasi Salah satu berita mengenai pengembangan organisasi yang kita temukan pada tahun ini adalah merger yang dilakukan pemerintah untuk membentuk Bank Syariah Author Ricardo Marcelino.

Analysis of merger and acquisition performance

Firstly my analysis of a merger’s profitability would be based on standard event study methodology It would take into account the return to shareholders Secondly it would also aim to provide evidence regarding the signalling theory and the synergistic and the agency views This would be based on an indepth analysis of various determinants such as the excess returns around the.

Analisis Marger & Akuisisi

Apa ITU Merger?Alasan Perusahaan Melakukan MergerJenisJenis MergerTantangan Yang Dihadapi Perusahaan Saat MergerContohContoh Merger PerusahaanMerger adalah kesepakatan antara perusahaan untuk bersatu menjadi suatu bisnis yang baru Penyatuan dua perusahaan ini biasanya dengan cara transfer kepemilikan dengan cara bertukar sahamatau pembayaran tunai Pada dasarnya kedua perusahaan merelakan saham mereka dan menerbitkan saham lain sebagai perusahaan baru Jika dua perusahaan melakukan merger biasanya perlu dilakukan brandingbaru setelah bergabung Perusahaan hasil merger memiliki aset gabungan kompetensi yang lebih baik dan penguasaan pasar yang lebih kuat Namun merger pun memiliki beberapa tantangan yang cukup berisiko Oleh karena itu banyak pengusaha yang memilih untuk melakukan akuisisi perusahaan yang lebih kecil alihalih bergabung dengan yang lain Meskipun tidak mudah ada beberapa alasan mengapa perusahaan melakukan merger Menurut Investopedia merger adalah hal yang sering terjadi karena membawa banyak keuntungan yakni 1 Merger horizontal Merger horizontal adalah merger antarkompetitor bisnis Kedua bisnis yang bergabung merupakan usaha yang beroperasi di pasar yang sama dan menawarkan produk atau jasa yang mirip 2 Merger vertikal Merger jenis ini dilakukan oleh dua perusahaan yang beroperasi di lini rantai pasok yang sama Biasanya merger vertikal dilakukan sebuah bisnis utama dengan perusahaan pemasok atau distributor yang bekerja dengannya 3 Merger perluasan pasar Merger jenis ini dilakukan dua perusahaan yang menjual produk atau jasa yang mirip atau sama tetapi beroperasi di pasar yang berbeda Dengan begitu perusahaan baru yang terbentuk memiliki akses ke pasar yang lebih besar dan mendapat lebih banyak pelanggan Penggabungan perusahaan yang sukses harus mempertimbangkan apa saja tantangan yang mungkin terjadi jika keputusan itu dibuat Beberapa di antaranya adalah sebagai berikut 1 PT Lippo Karawaci Tbk Lippo Karawaci adalah salah satu contoh mergerperusahaan yang paling sukses di Indonesia Menurut Detik Finance ada delapan perusahaan yang tergabung dalam Grup Lippo yaitu PT Lippo Land Development Tbk PT Siloam Healthcare Tbk PT Aryaduta Hotels Tbk PT Lippo Karawaci Tbk PT Kartika Abadi Sejahtera PT Sumber Waluyo PT Ananggadipa Berkat Mulia dan PT Metropolitan Tatanugraha 2 Bank CIMB Niaga Bank CIMB Niaga melakukan merger dengan Bank Lippo pada tahun 2008 untuk memperkuat eksistensi mereka di persaingan global Merger ini merupakan hasil kebijakan Bank Indonesia Kini keduanya menggabungkan aset sehingga potensinya lebih besar 3 PT Toyota Astra Motor PT Toyota Astra motor adalah hasil merger empat perusahaan yaitu PT Multi Astra Tbk PT Toyota Mobilindo Tbk PT Toyota Astra Motor Tbk dan PT Toyota Engine Indonesia Tbk Keempat perusahaan ini bergabung menjadi satu perusahaan importir kendaraan Toyota di Indonesia dengan nama PT Toyota Astra Motor.

ANALISIS MERGER DAN KINERJA KEUANGAN PT KALBE FARMA Tbk.

Background of The StudyAims & ObjectivesOutline of The StructureIntroductionExplanation of Basic Terms/Key WordsClassifying The Merger TypesVertical MergerMarketExtension Merger & ProductExtension MergerMarketExtension MergerProductExtension MergerMerger and acquisition is one of the most important phenomena to create a value for shareholders and for the company’s growth This is not only been observed by organizations but in accordance of political professionals media and individual economy considerably making more attention towards M & A It is called as the most effective factor to consider as the integral part of long term business strategy for enhancing the corporate growth (Wijnhoven Ton Spil Robert et al 2006) Over the last decades the mergers and acquisitions in world have continuous effect by increasing the deals tender offers and leveraged buyouts from different industry (Chatterjee Lubatkin et al 1992) The main objectives behind merger and acquisition is to increase the profitability increase in revenues faster growth in the market and it is the quickest way of becoming popular in market Over the years the researchers have performed various studies in accordance with M & A virtually not everyone ma The research is based on the post merger integration with reference to steel industry by understanding the influence of success through merger and acquisition The aim of study is to find firstly whether the post performance will lead to enhance the financial growth secondly do postmerger operating performance and strategic similarity of acquired companies is affected or not thirdly dose Company results in improvement in gaining more profit after merger takes place and finally analyzing the success operations in postmerger integration (see eg Epstein Marc 2004 Altunbas and Marques 2004 P Mntravadi A Vidyadhar 2008 Ruback S R Healy Palepu K G 1992) The test is conducted by analyzing the financial data of premerger and postmerger ratios of steel industry and statistical data is calculated using professional software called Stata (P Mntravadi A Vidyadhar 2008) For limitation of study recent merger that took place in 2006 with huge financial transaction were TATA To function properly to the above mentioned aims and to understand the thesis the structure is organised into seven chapters are as follows Chapter 1 Illustrates the introductory background of the entire research process and includes the application of aims objectives methodology and structure of the thesis Chapter 2 describes the concise report on the merger and its methods In addition to that we discuss the motivations behind M & A the factors that influence the course of action during mergers and finally the role of strategic analysis in M & A Chapter 3 introducing the global steel industry and explanation of its recent trend over mergers and acquisition Besides we also study the competition analysis of steel industry Chapter 4 examining the relevant literature reviews that are driven to prior concept Chapter 5 this includes the course of methodology that provides the model that is used to analyse the postmerger performance Chapter 6 provides the tackled results This chapter explains brief about the mergers and acquisitions Mergers and Acquisitions are the ways in which to build the corporate expansion and the company’s growth In the recent years there’s been observed in the corporate world mergers being increasingly used to gain greater profit to strengthening the market share and to reduce the business risk during the portfolio management Thus it’s better to start with the introduction defining M & A Besides it also explains the basic terms that are used during the merger process Basically the terms are discussed due to various authors has described with different definitions depending on the situations Therefore the above sentence directs us to understand the basic terms of merger The merger occurs in different type’s vertical mergers horizontal merger conglomeration geographical mergers consolidation mergers and purchase mergers Each merger derived with specific reasons depending on the fitting characteristics in cross boa Before proceeding to the detailed study it’s important to understand the basic terms which are commonly used in the research paper The parlances of M & A are as follows v Acquisition the one firm purchasing complete assets from the acquired firm to become the owner of that particular firm v Arb it’s an arbitrage that attempts to purchase or sells the financial tool through various markets to gain the profit efficiency v Crossborder M&A any company that is engaged in mergers and acquisitions whichever might be foreign or domestic firm v Consolidation the process of combining companies into one functional operation to form single entity Its transaction is known as consolidation v Hostile takeover it is a corporate takeover which seeks the direct control over the Target Company with respect to management and the board of directors Here the “Hostile” means if the company’s board of directors rejects the proposed offer but the acquirer continues to persist it or the acqu In perspective of merger and acquisition there are different types of mergers that host a difference between each one it Hence the types are broadly classified as Vertical Conglomeration Geographical Marketextension merger Productextension merger Purchase merger and Horizontal mergers Each type will be discussed in detail to know the differences and their characteristics A vertical merger is a type of merger in which a firm combines with its suppliers to have a control over the sales outlets for their products Simply vertical merger is building the relation with suppliers or distributors Though it is more complicated and creates more rivals this type will lead to advantage for the acquiring company to take full control over the suppliers from its competition Somehow it makes tough for the companies to contend against the newly merged firm with different culture and management process Due to cost control particularly companies tends to make vertical merger Some researchers have found that vertical merger will appreciate the financial value RGil and Hartmann (2009) have attempted to prove that vertical integration has become more valuable for shareholders during vertical merger On the whole vertical merger has special distinguishing quality compare to other merger types In the modern days of merger integration these two mergers has become the frequent types and more importantly it is the best means of extending the operations through extend products and services In this type the merger takes place between the companies having the similar products and services in different market places The actual intention for having market extension is to target the sustainable market for the future growth and to maximise the wealth of shareholders The approach of this research is basically suits the market extension merger that took place between the TataCorus and ArcelorMittal This made ArcelorMittal to produce the highest capacity steel production in the world about 100 million tonnes The major advantage of this type is to become the monopoly and to have the huge market value In this type of merger organizations makes a deal were the business takes place with similar products and which operates in the same market place Mainly this type will allow any new or any large company to unite its products and services to capture same market with bigger consumers Certainly this method of merger will earn higher profit.