Excerpt
Content
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Abbreviations
1 Introduction
1.1 Problem Statement
1.2 Objective
1.3 Procedural Method
2 Mergers and Acquisitions
2.1 History of Mergers and Acquisitions
2.2 Definition of Mergers and Acquisitions
2.3 Types of Mergers and Acquisitions
2.4 Objectives of Mergers and Acquisitions
3 Motives for Engaging in M & A Activity
3.1 Planning M & A Activity
3.2 Distinction of M & A Motives by their Effect on Shareholder Value.
3.2.1 Motives that increase Shareholder Value
3.2.1.1 Synergy
3.2.1.2 Economies of Scale or Scope
3.2.1.3 Increased Market Power and Growth
3.2.1.4 Managerial Efficiency
3.2.2 Motives that decrease Shareholder Value
3.2.2.1 Managerial Hubris
3.2.2.2 Agency Problems
3.2.2.3 Free Cash Flow Theory
3.2.3 Motives with uncertain impact on Shareholder Value
4 Summary and How to Make M & A Transactions Successful
References
- Quote paper
- Markus Hoffmann (Author), 2013, Mergers and Acquisitions Motive, Munich, GRIN Verlag, https://www.grin.com/document/210976
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