Outlines the basic arithmetic of value and price in mergers and acquisitions, focusing on value and ignoring short‐lived accounting effects. States company buyers must select targets in which more value can be created, Uses figures and panels to give added explanation to ideas here, and the three common acquisition fallacies are included: fanciful buying; financial engineering; and bargain purchase.
The Antidote – Emerald Publishing
Published: Mar 1, 1998
Keywords: Mergers and acquisitions; Value analysis; Accounting