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dc.contributor Pienaar, A. J.
dc.creator De Graaf, Albert
dc.date 2011-01-31T13:21:31Z
dc.date 2011-01-31T13:21:31Z
dc.date 2010-06
dc.date.accessioned 2018-06-27T17:10:13Z
dc.date.available 2018-06-27T17:10:13Z
dc.identifier De Graaf, Albert (2010) Quantifying synergy value in mergers and acquisitions, University of South Africa, Pretoria, <http://hdl.handle.net/10500/3965>
dc.identifier http://hdl.handle.net/10500/3965
dc.identifier.uri http://hdl.handle.net/10500/3965>
dc.description 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.
dc.description Management Accounting
dc.description M.Com. (Accounting)
dc.format 1 online resource (iv, 139 leaves)
dc.language en
dc.subject Synergy
dc.subject Best practices
dc.subject Quantifying value
dc.subject Innovative activity
dc.subject Intrinsic value
dc.subject Monte Carlo simulation
dc.subject Mergers and acquisitions
dc.subject 658.162
dc.subject Corporations -- Valuations
dc.subject Consolidation and merger of corporations
dc.title Quantifying synergy value in mergers and acquisitions
dc.type Dissertation


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