you will construct a document that will give the background to a bid, a valuation of the target company, the offer presentation and arguments from the bidder (Tesco PLC), the defense arguments from the target company (Halfords Group PLC the UK retailer of motoring and cycling products and services. ), a regulatory appraisal of the bid, and a summation of the chances of the bid succeeding. An important part of the M&A process is selecting attractive merger candidates. Thus, in the first part of your assignment, pretend that you work for the M&A department of an investment bank and you would like to earn a commission on an M&A transaction. Select a potential  bidder company and attractive target for that bidder. Your bids will be fictitious, but you should proceed as if they were real bids. To facilitate the valuation process, it is recommended that both companies are based in the UK and publicly listed with financial data. Also keep in mind that a regulatory appraisal will need to be made, so you may wish to choose combinations likely to be reviewed by regulatory authorities. It is OK if you find that what initially looked like attractive merger candidates turned out not to be after closer inspection.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter12: Professional Venture Capital
Section: Chapter Questions
Problem 5EP
icon
Related questions
Question

you will construct a document that will give the background to a bid, a valuation of the target company, the offer presentation and arguments from the bidder (Tesco PLC), the defense arguments from the target company (Halfords Group PLC the UK retailer of motoring and cycling products and services. ), a regulatory appraisal of the bid, and a summation of the chances of the bid succeeding.

An important part of the M&A process is selecting attractive merger candidates. Thus, in the first part of your assignment, pretend that you work for the M&A department of an investment bank and you would like to earn a commission on an M&A transaction. Select a potential  bidder company and attractive target for that bidder. Your bids will be fictitious, but you should proceed as if they were real bids. To facilitate the valuation process, it is recommended that both companies are based in the UK and publicly listed with financial data.

Also keep in mind that a regulatory appraisal will need to be made, so you may wish to choose combinations likely to be reviewed by regulatory authorities. It is OK if you find that what initially looked like attractive merger candidates turned out not to be after closer inspection.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Entrepreneurial Finance
Entrepreneurial Finance
Finance
ISBN:
9781337635653
Author:
Leach
Publisher:
Cengage
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College