Global Mergers and Acquisitions: Combining Companies Across Borders
- 3h 24m
- Abdol Soofi, Yuqin Zhang
- Business Expert Press
- 2014
Beginning in the 1990s the number and size of global mergers and acquisitions (M&A) has been increasing. The value of global M&As in 1995, was $980 billion, peaked to $4169 billion in 2007, and then dropped to $2705 billion in 2010. During the same period an increasing number of enterprises from emerging market economies have become active in cross-border merger and acquisitions. The emergence of these enterprises in the international M&A markets are motivated by a desire to achieve competitive advantage through the acquisition of natural resources, brands, technology, and knowledge . Among the most active M&A players from the emerging market countries are the Chinese, the country with which this book will be primarily, though not exclusively, concerned. This book will take the reader through all steps of a global merger or acquisition, including targeting companies, closing optimal deals, enterprise valuation and due diligence. How to optimize deal structures for the host company from the financial, accounting, and tax standpoints of the host country will be discussed along with the importance of first assessing the likelihood of securing approval from the agencies charged with determining the national security implications of the proposed deal. Finally, readers will learn how to maximize shareholder value through executing post-merger initiatives that will harmonize the structure and performance of the transformed enterprise.
About the Author
Abdol Soofi received his doctoral degree from the Economics Department at the University of California, Riverside. He has taught undergraduate courses at University of Wisconsin-Platteville, and courses for MBA programs at University of Wisconsin-Milwaukee, California Polytechnic State University, Pomona, and Golden Gate University in California, and Upper Iowa University. In addition to publishing over 50 scholarly papers in various learned journals, Dr. Soofi has published a book on international business and co-edited other successful books.
In this Book
-
Internationalization of Economies
-
Mergers, Acquisitions and Corporate Restructuring
-
An Overview of the Merger and Acquisition Process
-
Merger and Acquisition Strategy Development
-
Selecting a Potential Target Company for Acquisition
-
Accounting for Mergers and Acquisitions
-
Alternative Approaches to Valuation
-
Cost of Capital
-
Real Option Analysis in Valuation of a Company
-
Valuation of the Target Company Using the Black–Scholes Model
-
Target Valuation in Cross-Border Mergers and Acquisitions
-
Negotiations, Deal Structuring, Financing, and Regulatory Considerations
-
Postmerger Integration and Reorganization
-
China's Outbound Foreign Direct Investment
-
Major Issues in Chinese Cross-Border Mergers and Acquisitions
-
Notes
