este es un documento en ingles sobre la importancia de los impuestos y bonos que puedes llegar a conocer dentro de una empresa pero en ingles y terminos financieros muy importantes que pueden llegar a servir demasiado.
este es un documento en ingles sobre la importancia de los impuestos y bonos que puedes llegar a conocer dentro de una empresa pero en ingles y terminos financieros muy importantes que pueden llegar a servir demasiado.
este es un documento en ingles sobre la importancia de los impuestos y bonos que puedes llegar a conocer dentro de una empresa pero en ingles y terminos financieros muy importantes que pueden llegar a servir demasiado.
A PERSPECTIVE OF MERGERS, ACQUISITIONS, AMALGAMATIONS AND
TAKEOVERS. NATURE AND SIGNIFICANCE Business combinations, corporate restructuring and corporate reorganizations are terms used to cover mergers, acquisitions, amalgamations and takeovers. They are critical to the healthy expansion of business firms a they evolve through succesive stages of growth and develompment. The study of these activities is know as the study of the market for corporate control involving change in the control of one or more of the firms major assets. The traditionalist view of mergers focused on the effect of mergers on competition and society while the modern approach views mergers as vehicles to change the control of the firms assets. Generally mergers represent a process of allocation and reallocation of resources by firms in response to changes in economic conditions and technological innovations. MERGER, ACQUISITION, AMALGAMATION AND TAKEOVER. Merger: Merger is a broad term and it denotes the combination of two or more companies in such a way that only one survives while the other is dissolved. A merger is an investment in a future growth opportunity. In merger proposals plant is ready and market acceptance,clear and well established. When two companies differ significantly in size, they usually merge. For merger, shareholders representing 75 per cent of the value of shares (or implicit shareholders approval through the tendering of the shares) of the target company JOCE Must approve. The traditional acquisition is the negotiated acquisition in wich a willing buyer and a willing seller negotiate the terms under which an acquisition or merger occurs. From the acquirers point of view, merger is the least complex and cheapest method of acquisition since it gives the targets shareholders the best view of the transaction, gives more time to conduct due diligence and the expense of drafting a merger proxy statement and mailing it to shareholders is usually less than that of drafting an offer to purchase and tendering for shares. Merger however takes significantly longer than tender offer. The acquier may lose the target company to others meanwhile.
Acquisition: Acquisition refers to a situation where one firm acquires
another and the latter ceases to exist. An acquisition occurs when one company takes controlling interest in another firm or its legal subsidiary or selected assets of another firm. A firm that atempts to acquire or merge with another company is called an acquiring company. The assets of the dissolved firm would be owned by the acquiring firm. Amalgamation: Amalgamation is the blending of two or more companies into one, the shareholders of each blending company becoming substantially the shareholders of the other company which holds blended companies. In an amalgamation the assets and liabilities of the two companies are vested in one which has as its shareholders all or substantially all the shareholders of the two companies. Amalgamations are governed by sections 390 to 394 and 396 of the companies act requiring consent of shareholders and creditors. Takeover: In addition to the traditional mergers and creditors. (M&A) involving two willings parties, takeover has gained popularity beginning in the 1960s. Shares may be purchased from the market tp acquire a controlling interest and the target company may be maintained as a subsidiary or division or dissolved to merge. In a takeover, a sellers management may oppose the acquisition or merger but the buyer makes a direct bid to the sellers shareholders to acquire sellers shares and thus gain control of the sellers company. Takeover is a market route for the acquisition of a compay. If management of a prospective selling comany is unwilling to negotiate a transaction whit a prospective buyer, the buyer attempts to accomplish the acquisiton by a takeover bid, offering to buy shares of