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0 of 1 people found the following review helpful:
4.0 out of 5 stars
for the non-finance manager,
By
This review is from: Mergers and Acquisitions: A Condensed Practitioner's Guide (Hardcover)
The book seems directed best towards a non-finance manager in a firm contemplating being a buyer or seller of another firm. It walks through the topics involved in such negotiations, explaining clearly for both sides the implications.
For example, if the deal is structured as all cash, then for the seller this has the advantage of liquidity, with the disadvantage of not participating in any future gains from synergies in the merger. Conversely, if the buyer anticipates such synergies and can raise enough cash to fully pay the seller, then the buyer might opt for this. For the seller, the worst case by far is the debt instrument, where it does not get cash or equity, but accepts a note. This has little liquidity and no upside. Many other aspects are covered, but the above seemed the most pertinent. |
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Mergers and Acquisitions: A Condensed Practitioner's Guide by Steven M. Bragg (Hardcover - October 6, 2008)
$65.00 $35.99
In Stock | |
 
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