Mergers and acquisitions
Definitions
Merger is an association of companies as equal to each other
Acquisitions (takeover) is a process when large company buys a smaller one
Where is M&A used
investment banking
Advising
Organising
What is involved in deciding on a merger or acquisition?
Idea comes from higher level of management
Reasons
High competition
Lack of investment
Process
Analysis
Evaluating the risks
Results
Good for acquisition company
Good for small company
Attitude
Positive
More perspectives
Stability
Negative
Uncertainty
Problems
Cultural
Reorganisation