Page 291 - 5.2 i. Manac Finance ITC Summarised Notes

MERGERS & ACQUISITIONS

Overview

• The business of mergers and acquisitions is an

unforgiving business, whereby massive amounts of

money are either spent or lost.

• Valuation for purposes of M&As builds to a large

extent on the concepts already addressed in the

learning unit of Valuations.

• It incorporates an extraordinary phenomenon with

a combined effect greater than the sum of the

parts – a synergy effect.

291