Mergers and AcquisitionsMichael Keenan, Lawrence J. White Beard Books, 2003 - 368 páginas This is a reprint of a previously published work. It is the product of a conference held in 1981 by the Salomon Center for the Study of Financial Institutions at NYU to explore a wide range of issues concerning mergers and acquisitions. |
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Página 3
... example , lobbying ) to achieve outcomes and of results ( for example , differential tax rates ) . Lawrence J. White focuses on the question of aggregate concentration of economic activity in a few large corporations in chapter 6. He ...
... example , lobbying ) to achieve outcomes and of results ( for example , differential tax rates ) . Lawrence J. White focuses on the question of aggregate concentration of economic activity in a few large corporations in chapter 6. He ...
Página 12
... example , perhaps the terms of the merger agreement give priority to the debt of , say , firm 2 or that after the merger there are two newly issued debts with differing priority . In this case , the equity of the merged firm has a ...
... example , perhaps the terms of the merger agreement give priority to the debt of , say , firm 2 or that after the merger there are two newly issued debts with differing priority . In this case , the equity of the merged firm has a ...
Página 14
... examples of table 2-1 . Debt capacity will be defined as a function where Dj = Dj ( i ) , Yj i D ; ( 2.12 ) and D ; is given by equation 2.11 . The variable i is the nominal ( promised ) yield on the debt . Dj ( i ) is the maximum debt ...
... examples of table 2-1 . Debt capacity will be defined as a function where Dj = Dj ( i ) , Yj i D ; ( 2.12 ) and D ; is given by equation 2.11 . The variable i is the nominal ( promised ) yield on the debt . Dj ( i ) is the maximum debt ...
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... example , if Y ; = 79 , the ratio is 1.14 ) and at lower levels it would be lower . The figures for D ; and Y ; in table 2-1 represent solutions to equation 2.14 with the additional constraint that Y ; / D ; = 1 + i , where i is fixed ...
... example , if Y ; = 79 , the ratio is 1.14 ) and at lower levels it would be lower . The figures for D ; and Y ; in table 2-1 represent solutions to equation 2.14 with the additional constraint that Y ; / D ; = 1 + i , where i is fixed ...
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... examples show that the effect of merger on debt capacity is dependent on the relative risks of the merging firms as ... example , firm B can raise debt with obligation YB = 48.6 . Firm D can raise YD = 31.4 . If the earnings streams of ...
... examples show that the effect of merger on debt capacity is dependent on the relative risks of the merging firms as ... example , firm B can raise debt with obligation YB = 48.6 . Firm D can raise YD = 31.4 . If the earnings streams of ...
Otras ediciones - Ver todas
Mergers and Acquisitions: Current Problems in Perspective Michael Keenan,Lawrence J. White Vista de fragmentos - 1982 |
Términos y frases comunes
2d Cir abnormal returns acquiring and acquired acquiring firms aggregate concentration analysis announcement assets average bankruptcy bidding firm capital expenditures cash flows Chinese wall commission COMPUSTAT conglomerate mergers corporate Court debt capacity disclose disclosure diversification earnings Economics effect of merger efficiency empirical employment equity example expected Federal Trade Commission Financial Economics firm's growth income increase industry insider trading investment issuer Journal of Finance labor large firms managerial managers market price market value material merged firm merger activity mergers and acquisitions nomic nonacquired firms nonmerging firms nonpublic information offer price offering person period political post-execution predicts premerger price index price-earnings price-earnings ratios prior profit purchase ratio relative risk Rule sample Section 14(e securities segment information significant statistically subject company target firm target shares target stockholders tender offer tender-offer theory tion trading variables Williams Act
Pasajes populares
Página 147 - ... light of the circumstances under which they were made, not misleading; or (c) to engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person, in connection with the purchase or sale of any security.
Página 118 - It shall be unlawful for any person to make any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, or to engage in any fraudulent, deceptive, or manipulative acts or practices, in connection with any tender offer...
Página 147 - It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange...
Página 158 - ... fraudulent, deceptive, or manipulative and such quotations as are fictitious. (8) No broker or dealer shall make use of the mails or of any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any security (other than an exempted security or commercial paper, bankers...
Página 158 - ... dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce or attempt to induce the purchase or sale of, any municipal security by means of any manipulative, deceptive, or other fraudulent device or contrivance.
Página 158 - ... fraudulent, deceptive, or manipulative act or practice, or makes any fictitious quotation. The Commission shall, for the purposes of this paragraph, by rules and regulations define, and prescribe means reasonably designed to prevent, such acts and practices as are fraudulent, deceptive, or manipulative and such quotations as are fictitious.
Página 130 - An omitted fact is material if there is a substantial likelihood that a reasonable shareholder would consider it important in deciding how to vote.
Página 92 - Mancur Olson, The Logic of Collective Action (Cambridge, Mass.: Harvard University Press, 1965); William A.
Página 148 - SEC v. Texas Gulf Sulphur Co., 401 F.2d 833 (2d Cir. 1968), cert, denied, 394 US 976 (1969); Speed v.
Página 151 - As a means reasonably designed to prevent fraudulent, deceptive or manipulative acts or practices within the meaning of section 14(e...
Referencias a este libro
Strategische Analyse Von Unternehmensakquisitionen: Das Beispiel Der ... Marcus Oehlrich Sin vista previa disponible - 1999 |
Chinese Business in Malaysia: Accumulation, Accommodation, and Ascendance Edmund Terence Gomez Vista previa limitada - 1999 |