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  • Timken

    Enviado por

    Florensia Restian
    119 visualizações1 página
    The document contains questions about a potential acquisition of Torrington by Timken Company. It asks about expected synergies, standalone and synergistic valuations of Torrington with assumptions, impact on Timken's credit rating and financial ratios of borrowing $800M for the acquisition, optimal deal structure as cash or stock-for-stock, and risks to Ingersoll-Rand of accepting Timken shares.

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    Timken

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    timken

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    The document contains questions about a potential acquisition of Torrington by Timken Company. It asks about expected synergies, standalone and synergistic valuations of Torrington with assumptions, impact on Timken's credit rating and financial ratios of borrowing $800M for the acquisition, optimal deal structure as cash or stock-for-stock, and risks to Ingersoll-Rand of accepting Timken shares.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    119 visualizações1 página

    Timken

    Enviado por

    Florensia Restian
    The document contains questions about a potential acquisition of Torrington by Timken Company. It asks about expected synergies, standalone and synergistic valuations of Torrington with assumptions, impact on Timken's credit rating and financial ratios of borrowing $800M for the acquisition, optimal deal structure as cash or stock-for-stock, and risks to Ingersoll-Rand of accepting Timken shares.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato DOCX, PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
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    1. How does Torrington fit with the Timken Company?

    What are the expected


    synergies?
    2. What is your stand-alone valuation of Torrington? Be prepared to explain and justify
    all the major assumptions used in your estimate.
    3. What is your with-synergies valuation of Torrington? Be prepared to explain and
    justify all the major assumptions used in your estimate.
    4. Should Timken be concerned about losing its investment-grade rating? How do
    Timkens financial ratios compare with those of other industrial firms in 2002? How
    would those ratios change if Timken borrowed $800 million, for example, to buy
    Torrington?
    5. If Timken decides to go forward with the acquisition, how should Timken offer to
    structure the deal? Is Ingersoll-Rand likely to want a cash deal or a stock-for-stock
    deal?
    6. What are the risks for Ingersoll-Rand of accepting Timken shares for some or all of
    the consideration?

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