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Quantifying synergy value in mergers and acquisitions

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dc.contributor.advisor Pienaar, A. J. De Graaf, Albert 2011-01-31T13:21:31Z 2011-01-31T13:21:31Z 2010-06
dc.identifier.citation De Graaf, Albert (2010) Quantifying synergy value in mergers and acquisitions, University of South Africa, Pretoria, <> en
dc.description.abstract Mergers and acquisitions have been demonstrated to create synergies, but not in all cases. Current research reveals that where synergies exist, these seem to accrue to the shareholders of the selling companies. Given the limitations of our qualitative research design, we find that it is important to quantify synergy before the acquisition, preferably by applying certain best practices. In an attempt to enhance understanding of the phenomenon, we find that several types of synergy exist and that their origins include efficiencies, such as economies of scale and economies in innovative activity. We further find that the bid price is an important indicator of success and that its maximum should not exceed the intrinsic value of the target, plus the value of synergies between the bidder and target. We further find that best practices exist in quantifying cost and revenue synergies and describe these separately per origin. en
dc.format.extent 1 online resource (iv, 139 leaves)
dc.language.iso en en
dc.subject Synergy en
dc.subject Best practices en
dc.subject Quantifying value en
dc.subject Innovative activity en
dc.subject Intrinsic value en
dc.subject Monte Carlo simulation en
dc.subject Mergers and acquisitions en
dc.subject.ddc 658.162
dc.subject.lcsh Corporations -- Valuations
dc.subject.lcsh Consolidation and merger of corporations
dc.title Quantifying synergy value in mergers and acquisitions en
dc.type Dissertation en
dc.description.department Management Accounting M.Com. (Accounting)

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