Which one of the following is not one of the steps in the M&A model building process?
A: Valuing the acquirer and the target firms as standalone businesses
B: Valuing the target and acquiring firms including synergy
C: Determining the initial offer price for the target firm
D: Establishing search criteria for the potential target firm
E: Determining the combined firm's ability to finance the transaction.
A: Valuing the acquirer and the target firms as standalone businesses
B: Valuing the target and acquiring firms including synergy
C: Determining the initial offer price for the target firm
D: Establishing search criteria for the potential target firm
E: Determining the combined firm's ability to finance the transaction.
举一反三
- The initial offer price for the target firm is defined as A: The minimum price B: The present value of the minimum price plus some fraction of the present value of net synergy C: The present value of net synergy plus the current market value of the target firm D: The maximum price less the minimum price E: The maximum price less the present value of net synergy
- The share exchange ratio is defined as A: Offer price for the target divided by the acquirer's share price B: Offer price for the target divided by the target's share price C: Acquirer's share price divided by the target's share price D: Target's share price divided by the offer price E: Acquirer's share price divided by the offer price
- The target company is the firm being solicited by the acquiring company.
- 2.1.1.How can we obtain the information of the target firm? Please select the one which is not mentioned in the video.
- The purpose of the 1968 Williams Act was to A: Give target firm shareholders time to review takeover proposals B: Prosecute target firm shareholders who misuse information C: Protect target firm employees from layoffs D: Prevent tender offers E: Promote tender offers