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Mergers & Acquisition

Mergers & Acquisition

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Published by Bharath Pavanje
bharathpavenje@gmail.com
bharathpavenje@gmail.com

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Published by: Bharath Pavanje on Nov 30, 2009
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06/08/2013

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 MERGERS AND ACQUISITIONS 
TITLE OF THE PAPER:
MERGERS AND ACQUISITIONS
AREA OF PRESENTATION:
FINANCIAL MANAGEMENT
NAME OF THE INSTITUTE:A.J.INSTITUTE OF MANAGEMENT (AJIM)
{TRASFORMATIONAL INSTITUTE FOR MANAGERIAL EXCELLENCE (TIME)}KOTTARA-CHOWKI BYPASS ROAD, ASKOKNAGAR POST MANGALORE-575006
EMAIL ID:Bharathpavenje@gmail.comAUTHORS NAME:BHARATH.PPHONE NUMBER:+919739459820
A.J.INSTITUTE OF MANAGEMENTPage 1
 
 MERGERS AND ACQUISITIONS 
ABSTRACT
Corporate mergers and acquisitions (M&As) have become popular across the globe duringthe last two decades thanks to globalization, liberalization, technological developments andintensely competitive business environment. The synergistic gains from M&As may resultfrom more efficient management, economies of scale, more profitable use of assets,exploitation of market power, and the use of complementary resources. Interestingly, theresults of many empirical studies show that M&As fail to create value for the shareholders of acquirers. In this backdrop, the paper discusses the causes for the failure of M&As bydrawing the results of the following areas.This paper is an attempt to evaluate the impact of Mergers on the performance of thecompanies. Theoretically it is assumed that Mergers improves the performance of thecompany due to increased market power, Synergy impact and various other qualitative andquantitative factors. Although the various studies done in the past showed totally oppositeresults. Four parameters; Total performance improvement, Economies of scale, OperatingSynergy and Financial Synergy. My paper shows that Indian companies are no different thanthe companies in other part of the world and mergers were failed to contribute positively inthe performance improvementKeywords:
Mergers, Acquisitions
TABLE OF CONTENTS
A.J.INSTITUTE OF MANAGEMENTPage 2
 
 MERGERS AND ACQUISITIONS 
CHAPTER I:INTRODUCTION…………………………………………………………………………..4-5
1.1
WHAT IS MERGER?.....................................................................................5
1.2
WHAT IS ACQUISITION?............................................................................6
1.3
WHAT IS TAKEOVER…………………......................................................7CHAPTER II: REVIEW OFLITERATURE………………………………………………….8CHAPTER III:REASONS OF MERGERS TO THE COMPANY……………………………………...10-11CHAPTER IV: M&A ACTIVITIES IN INDIA………………………………………….12-13CHAPTER V: CASE STUDY……………………………………………………………14-18CHAPTER VI: CAUSES FOR FAILURE OF M&A……………………………………20-23CHAPTER VII: CONCLUSION……………………………………………………………24BIBLIOGRAPHY……………………………………………………………………………25
A.J.INSTITUTE OF MANAGEMENTPage 3

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