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Further to the earlier article on this takeover by Tata,reported in the BusinessWeek.com (20/7/07) regarding the hefty price that Tata paid. the price was 608 pence per share,which translates to a total purchase price of $12 billion. which is approximately 9X EBITDA (earning before interest,taxes,depreciation,and amortization) Some pros and cons [...] Recently reported in Businessweek –Tata Steel bagged Anglo-Dutch steelmaker Corus Group (CGA) in a $13.7 billion deal,which draws to a close a protracted bidding war with Brazilian rival Companhia Siderurgica Nacional (SID),or CSN. Some interesting facts: This is the first big step that the Indian industry has taken in the international [...] In earlier articles,we understand that many M&A exercises were unsuccessful. Rather than re-invent the wheel,it’s good to learn certain lessons from successful M&A exercises particularly from Cisco which is a Master Integrator which not only is adept at acquiring companies and but is as adept at quickly and effectively integrating them. Acquiring companies [...] In my earlier article,I have mentioned the main contrast between merger and acquisition. Merger encompassed a combination of two friendly and almost equaled size entities. It is the willingness of the parties concerned to merge unlike a hostile takeover or acquisition. In a merger,the parties concerned normally form a new joint venture entity [...] |  FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach. | |||||
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