Disney has done it. Chemical Bank has also. So, too, have thousandsof other companies. In fact, it has become a staple of Americanbusiness today: mergers and acquisitions. Spreading across allindustry lines and encompassing corporations both large and small, merger and acquisition deals are booming. In 1995 alone, the valueof all announced deals exceeded $300 billion, including Disneya²s$19 billion acquisition of Capital Cities and Chemical Banka²s $10billion merger with Chase Manhattan. As a dynamic means of fostering growth, more and more companieswill be looking to qdo the deal, q making it essential for corporatemanagers and financial officers to know their way around theMaA process. In this authoritative new reference, JeffreyHookeaa specialist in the field who has participated in 70corporate finance transactionsaprovides a practical, comprehensive, and wellarounded overview to the ins and outs of MaAdeals. Using realalife examples, Hooke takes you step by step through theMaA process, outlining the fundamental principles that underliedeals and pinpointing the important strategies that play key rolesin successful transactions. The first step is developing adisciplined acquisition plan that includes a researched assessmentof management readiness and financial capability. With yourfinances in order, ita²s time to find the deal that matches yourcompanya²s objectives. Hooke shows you how to initiate anacquisition search by starting your own program, screeningcandidates, and implementing direct contact; and when youa²re readyto price and close a deal, Hookea²s proven valuation and negotiatingstrategies will have you on firm footing. An invaluable primer for corporate executives and investmentprofessionals involved in the mergers and acquisitions process, MaA is the most complete guide available today. MaA givesyou the A to Z on: a Key risks that face corporate acquirersaoperating issues, thedanger of overpayment, financial leverage concerns a Valuation toolsausing the intrinsic value approach and applyingthe relative value method such as comparable P/E and EBITratios a Buyer categoriesaWindow Shopper, Bottom Fisher, StrategicBuyer a Maximum deal size guidelinesaaffordability, managementexperience, corporate risk tolerance a The basics of negotiating and structuringaletter of intent (LOI), due diligence investigation, closing and postmergerintegration a Selling a businessaretaining a financial advisor, approaching themarket, confirming a valuation range A savvy guide to mastering the art of MaA From an expert in the MaA field comes a oneaofaaakind book thattakes business executives and investment professionals through thecomplete mergers and acquisitions process. qJeffrey Hooke has done a fine job explaining the a²ins and outsa² ofa very complex business. He knows what hea²s talking about.qaJohn C.Whitehead, former CoaChairman, Goldman, Sachs a Co. qMaA takes the fear out of the decisionamaking processaa greatpragmatic tool. Hooke has given us a fine a²howatoa² manual.qaKennethTuchman, Managing Director, Lehman Brothers, Inc. qHookea²s basic outline of the dynamics involved provide a basicoverview for both corporate executives and business students. Hisexamplesareal transactions coupled with the practicalities andlegalities of the deal businessamake for informative and enjoyablereading.qaGilbert W. Harrison, Chairman, Financo, Inc. qJeffrey Hooke has written a firstaclass primer on the science andart of mergers and acquisitions. This book will be a standard forboth students and practitioners in the field.qaGlenn H. Hutchins, Senior Managing Director, The Blackstone GroupThis book will be a standard forboth students and practitioners in the field.aquot;aGlenn H. Hutchins, Senior Managing Director, The Blackstone Group
Title | : | M&A |
Author | : | Jeffrey C. Hooke |
Publisher | : | John Wiley & Sons - 1997 |
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