Why Divestitures Create Value PowerPoint PPT Presentations

9/19/09. 3. Socialization. How the culture is learned & internalized ... Entitlement mentality (Apple) Conflict, power struggles. Members pursue own interests ...

Title: Value Investing Author: Aswath Damodaran Last modified by: Aswath Damodaran Created Date: 7/19/1998 7:35:30 PM Document presentation format

Value Investing: Activist Investing Aswath Damodaran

Welcome! Value Investment opportunity Highest Return Scenario High Return Opportunities AMEX & GEICO Recent High Return Opportunities GS,BAC and CITI Warren ...

The Value of Synergy Aswath Damodaran Valuing Synergy The key to the existence of synergy is that the target firm controls a specialized resource that becomes more ...

This can be accomplished in a number of different ways: ... Make acquisitions that maximize expected value, even at the expense of lowering ...

The Value of Synergy Aswath Damodaran Valuing Synergy The key to the existence of synergy is that the target firm controls a specialized resource that becomes more ...

Activist investors compete with incumbent managers for the proxies of individual investors, with the intent of getting their nominees for the board elected.

The future tax deductions will be higher than they were for the vendor. ... List of shareholders of target co and marginal rates. Tax advantages of assets Vs shares ...

At Hilton Crystal City - March 4-5, 2002. Diana Hicks. CHI Research, Inc. 10 White Horse Pike. Haddon Heights, NJ 08035. Tel: 856 546 0600 Fax: 856 546 9633 ...

... Charlie Munger and Warren Buffett. Aswath Damodaran. 7. The Buffett Mystique ... Even Warren Buffett would have difficulty replicating his success in today's ...

National image/lack of image. Air connections, especially to the coasts ... Bank of the West Existing San Francisco CA. Boeing Corporation Prospect Chicago IL ...

TRANSACTION ADVISORY SERVICES Increasing Rigor in Divestitures: M&A Transactions October 5, 2006 The Divestiture Roadmap E&Y Observations of Corporate Sellers The ...

Foundation and government grants. Other organizations. Older adults ... Resources for abundance: Government & foundation grants ...

Coke acquires Indian firm to produce and bottle Coca-Cola in the Indian market. Licensing out the formula for Coca-Cola to a separate firm exposes Coke to loss ...

Recall cost Coca-Cola Enterprises an estimated $103 ... Volkswagon. Monsanto. Reducing the Footprint at DuPont. Electronic Materials. Agriculture Products ...

New AD aware, commercial applications. Usually have their schema changes integrated into the setup programme ... rules. In house applications that are AD aware ...

Income tax rate. Value growth duration. 27. Value Creation ... Labour rate Payment procedures. Overhead Sourcing strategies. Productivity Capital budgeting ...

This year's TMT predictions highlight the trend of live sports gaining more value with each season. As the 5G private network ecosystem continues to evolve, it is essential to collaborate and create Indian-centric use cases that demonstrate the technology’s impact across industry verticals.

Not done all at once in comprehensive fashion. Approached a step at a time, emerging gradually ... confirms or modifies emerging judgments about situation ...

Limited exposure to raw material and energy price volatility ... Creating Shareholder Value EPS Growth. 30. Results by Segment Second Quarter ...

Acquirer propose & workout. Hostile. Target firm's management resists ... depreciation CFs, all of which must be reinvested in LL replace equipment. ...

Acquire other firms to increase size, thus making it more difficult to be acquired ... Calculate horizon value of tax shields using constant growth formula and TSN. ...

Purchase of assets at below replacement cost ... directly to the target firm's stockholders try to get 51% to tender their shares. ...

What are some questionable reasons for mergers? Diversification. Purchase of assets at below replacement cost ... Rivals can often work together harmoniously ...

1980s - Investors purchased conglomerates and sold off the pieces as independent ... 3) Chop-shop or Break-up value: determines if multi-industry firms would be ...

Valuation B40.3331.20 Aswath Damodaran Contrary to conventional wisdom, the value of control is not 20% (That is a common rule of thumb used in acquisitions, and ...

Driving Shareholder Value Managing for the New Millennium Dr. Roger A. Morin Georgia State University, Distinguished Professor of Finance Chairman & CEO Utility ...

Scrap value example: 4 year old car may have a scrap value of $500 but a market value of $5,000 ... obtaining funds for financing projects through debt ...

Title: Author: Acc_BA Last modified by: Guest Created Date: 8/31/2001 3:01:58 AM

Example: Video clip about Southwest Airlines. Southwestern Airlines. What is valued at Southwest Airlines? How are these values conveyed to employees? ...

Get bigger using debt-financed mergers to help fight off takeovers. 21-4 ... Acquisitions do create value as a result of economies of scale, other synergies, ...

Title: Developing Evidence of Conspiratorial Contacts Author: Antitrust Division Last modified by: Omar Ousman Jobe Created Date: 5/11/2005 3:45:21 PM

Title: Dividend Policy Author: Aswath Damodaran Last modified by: Aswath Damodaran Created Date: 12/4/1997 5:55:51 PM Document presentation format

Chapter 7: Strategies for Competing in Foreign Markets Screen graphics created by: Jana F. Kuzmicki, Ph.D. Troy University ...

Title: FINANCIAL INTERMEDIARIES AND FINANCIAL INNOVATION Author: Andrea DeMaskey Last modified by: zaganos Created Date: 10/20/1998 8:39:33 PM Document presentation ...

Pro rata. Equity method. Fair value method. Reporting on. Intercorporate Equity Investments ... Pro Rata Consolidation ( 4th method) ...

CAPITAL MARKET DEPOSITORY INSTITUTIONS Asset Book value(in millions) U.S Treasury securities $ 100 ...

Title: IP: Addresses and Forwarding Author: Shivkumar Kalyanaraman Last modified by: Ken Created Date: 1/9/1997 8:09:44 AM Document presentation format

Title: No Slide Title Author: NSFRE Last modified by: Nikki Cagle Created Date: 9/18/2000 7:50:05 PM Document presentation format: On-screen Show (4:3)

Title: Judul Author: Debby Tanamal Last modified by: Maryam Created Date: 4/16/2005 3:08:17 AM Document presentation format: On-screen Show Company

Title: No Slide Title Author: Toshiba Preferred User Last modified by: wits Created Date: 7/24/2001 12:20:54 PM Document presentation format: On-screen Show

Title: Strategic Management Subject: Pearce/Robinson Author: Linda Crane Last modified by: Keith Robbins Created Date: 6/25/1999 5:11:01 PM Document presentation format

Title: Strategic Management Subject: Pearce/Robinson Author: Linda Crane Last modified by: Keith Robbins Created Date: 6/25/1999 5:11:01 PM Document presentation format

Title: No Slide Title Author: Karen Piekenbrock Last modified by: jwong06 Created Date: 5/29/2003 6:05:17 PM Document presentation format: On-screen Show

MAINSTREET EQUITY CORP. is a Canadian real estate company focused on acquiring and managing mid-market rental apartment buildings primarily in Western Canada. Founded in 1997, Mainstreet creates value by purchasing under-performing properties, renovating them to a branded standard, improving operating efficiencies and repositioning them in the market for greater returns.

Strategic foundation roles: Industry structure Strategic foundation Industry structure Customer value Business capabilities Competitive position To capture basic ...

Title: No Slide Title Author: Erin C. Bergin Last modified by: usrlil Created Date: 3/10/2000 3:45:20 PM Document presentation format: On-screen Show

Title: Monitoring electricity markets What can we learn from the economics of regulation? Author: Arnold Mandel Last modified by: rmichaels Created Date

Title: SCM Killer Demo Project Plan Author: gpandya Last modified by: jennie Created Date: 6/11/2001 11:24:51 PM Document presentation format

A comprehensive plan of action that sets critical direction ... Create strategic plans to accomplish purpose and objectives. How can we get ... Skunk works ...

Title: Information Security Maintenance Chapter 12 Author: Herbert J. Mattord Last modified by: mmisiaszek Created Date: 11/15/2002 2:48:04 PM Document presentation ...

Title: PowerPoint Presentation Author: gulayse Last modified by: G nd z Ulusoy Created Date: 4/15/2003 1:42:29 PM Document presentation format: On-screen Show

Opportunities to create immediate profits may be rationalized as strategic when they are not. ... populated by suppliers/buyers (e.g. Ford buys steel plant) ...

Title: Analyzing Historical Performance Description: Version 1.1 11/5/2005 Last modified by: Chunlin Liu Created Date: 5/12/2004 9:19:46 PM Document presentation format

Title: Organizational Behaviour Course 5587WI2 Author: Dave Ludwick Last modified by: Dave Ludwick Created Date: 2/11/2005 5:48:45 PM Document presentation format