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Wealth Creation in the World’s Largest Mergers and Acquisitions

Integrated Case Studies

  • B. Rajesh Kumar

Part of the Management for Professionals book series (MANAGPROF)

Table of contents

  1. Front Matter
    Pages i-xii
  2. B. Rajesh Kumar
    Pages 1-15
  3. B. Rajesh Kumar
    Pages 17-29
  4. B. Rajesh Kumar
    Pages 45-56
  5. B. Rajesh Kumar
    Pages 57-67
  6. B. Rajesh Kumar
    Pages 79-84
  7. B. Rajesh Kumar
    Pages 85-99
  8. B. Rajesh Kumar
    Pages 101-109
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    Pages 111-119
  10. B. Rajesh Kumar
    Pages 121-129
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    Pages 131-135
  12. B. Rajesh Kumar
    Pages 137-145
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    Pages 147-153
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    Pages 155-161
  15. B. Rajesh Kumar
    Pages 163-166
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    Pages 167-174
  17. B. Rajesh Kumar
    Pages 183-189
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    Pages 191-195
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    Pages 203-209
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    Pages 211-215
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    Pages 217-222
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    Pages 223-227
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    Pages 229-233
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    Pages 235-241
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    Pages 243-250
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    Pages 251-258
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    Pages 259-270
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    Pages 271-275
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    Pages 277-280
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    Pages 281-287
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    Pages 289-293
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    Pages 295-299
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    Pages 301-307
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    Pages 309-314
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    Pages 315-320
  36. B. Rajesh Kumar
    Pages 321-327
  37. B. Rajesh Kumar
    Pages 329-333
  38. B. Rajesh Kumar
    Pages 335-338
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    Pages 343-348
  40. B. Rajesh Kumar
    Pages 349-354
  41. B. Rajesh Kumar
    Pages 355-359

About this book

Introduction

This book highlights research-based case studies in order to analyze the wealth created in the world’s largest mergers and acquisitions (M&A). This book encourages cross fertilization in theory building and applied research by examining the links between M&A and wealth creation. Each chapter covers a specific case and offers a focused clinical examination of the entire lifecycle of M&A for each mega deal, exploring all aspects of the process. The success of M&A are analyzed through two main research approaches: event studies and financial performance analyses. The event studies examine the abnormal returns to the shareholders in the period surrounding the merger announcement. The financial performance studies examine the reported financial results of acquirers before and after the acquisition to see whether financial performance has improved after merger. The relation between method of payment, premium paid and stock returns are examined. The chapters also discuss synergies of the deal-cost and revenue synergies. 

Mergers and acquisitions represent a major force in modern financial and economic environment. Whether in times of boom or bust, M&As have emerged as a compelling strategy for growth. The biggest companies of modern day have all taken form through a series of restructuring activities like multiple mergers. Acquisitions continue to remain as the quickest route companies take to operate in new markets and to add new capabilities and resources. The cases covered in this book highlights high profile M&As and focuses on the wealth creation for shareholders of acquirer and target firms as a financial assessment of the merger’s success. The book should be useful for finance professionals, corporate planners, strategists, and managers.

Keywords

Wealth Creation Mergers Acquisitions M&A Synergy Medium of Exchange Post-Merger Integration Financial Synergy Deal-Cost Operating Performance

Authors and affiliations

  • B. Rajesh Kumar
    • 1
  1. 1.Institute of Management TechnologyDubaiUnited Arab Emirates

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-030-02363-8
  • Copyright Information Springer Nature Switzerland AG 2019
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-030-02362-1
  • Online ISBN 978-3-030-02363-8
  • Series Print ISSN 2192-8096
  • Series Online ISSN 2192-810X
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking