You will identify a high-profile cross-border acquisition of a publicly traded target initiated by a publicly traded acquirer in the last two years. Ensure that the deal is concluded as of the date of your analysis. You should research to answer the following questions:
My Choice of Cross-border acquisition is Philip Morris Holland Holdings B.V. acquiring Swedish Match AB.
However, if you have other Cross-Border M&A for which you think you can find more information easily, please let me know so we may make appropriate changes.
1. Describe the deal, the acquirer, and the target characteristics.
2. Discuss the strategic logic of the transaction; what are the drivers of the transaction (e.g., technology acquisition, market access, growth, etc.); analyze the deal using 10C canvas Standalone and Joint Business Designs.
3. What is the offer price? What is the premium over the target’s pre-announcement price? You can use various reference frames such as one-day prior, one-month prior price, etc. [In SP Capital IQ, look for “Consideration” for the details]
4. How did the acquirer justify this premium? You should search media reports, newspaper articles, or earnings calls for executive and analyst testimonies and other clues regarding the price and premium paid.
5. Briefly discuss the payment method and evaluate its impact on the transaction.
6. Would you invest in the acquirer’s stock? Briefly describe your rationale and link it to your discussion in question 2
7. Reflect on your learning experience in this assignment.
Place this order or similar order and get an amazing discount. USE Discount code “GET20” for 20% discount