Page 85 - Manac test 2 Cycle slides

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.

85