In a merger with true synergies, the

post-merger value exceeds the sum

of the separate companies' pre-merger
values
In a merger with true synergies, the
post-merger value exceeds the sum
of the separate companies' pre-merger
values
MUA BÁN SÁP NHẬP:

1) In a merger with true synergies, the post merger value exceeds the sum of the separate
companies ‘pre merger’ value
2) Synergistic benefits can arise from a number of different sources, including operating economies
of scale, financial economies, and increased managerial efficiency
3) Post merger control and the negotiated price paid by the acquirer are 2 of the most important
issues in agreeing on the terms of a merger
4) A company seeking to fight off a hostile takeover might employ the services of an investment
banking firm to develop a defensive strategy
5) Since the primary rationale for any operating merger is synergy, in planning such mergers, the
development of accurate pro forma cash flows is the single most important action

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7) Leveraged buyouts ( LBOs) occur when a firm’s managers, generally backed by private equity
group, try to gain control of a publicly owned company by buying out the public shareholder
using large amounts of borrowed money.
8) The purchase of asset at below their replacement cost and tax consideration are two factors that
motivate mergers.

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