TAILIEUCHUNG - Lecture Business finance - Chapter 20: Analysis of takeovers

In this chapter, students will be able to understand: Evaluate suggested reasons for takeovers, explain how to estimate the gains and costs of takeovers, explain the main differences between cash and share-exchange takeovers, outline the regulation and tax effects of takeovers in Australia,. | Chapter 20 Analysis of Takeovers 2 2 2 2 3 3 Learning Objectives Evaluate suggested reasons for takeovers. Explain how to estimate the gains and costs of takeovers. Explain the main differences between cash and share-exchange takeovers. Outline the regulation and tax effects of takeovers in Australia. 2 2 2 2 3 3 Learning Objectives (cont.) Outline defence strategies that can be used by target companies. Identify the various types of corporate restructuring transactions. Outline the main findings of empirical research on the effects of takeovers on shareholders’ wealth. 3 3 3 Fundamental Concepts Takeovers typically involve one company purchasing another by acquiring a controlling interest in its voting shares. Also called ‘acquisitions’ and ‘mergers’. Market for corporate control A market in which alternative teams of managers compete for the right to control corporate assets. Such a market enables the quick redeployment of assets in ways expected to bring economic benefits to .

• Tài chính doanh nghiệp
• Business finance
• Lecture Business finance
• Capital market
• Financial management
• Analysis of takeovers
• Costs of takeovers
• Sources of finance
• Leasing finance
• Sources of long term finance
• Long term finance
• Equipment finance
• Ordinary shares
• Long term debt
• Dividend Policy
• Capital structure
• Capital structure decisions
• Capital market efficiency
• Futures contracts
• Option markets
• International financial management
• Management of short term assets
• Financial decisions
• Financial mathematics
• The time value of money
• Project evaluation
• Project evaluation methods
• Portfolio theory
• Aasset pricing
• Financial intermediaries
• Sources of short term debt