Archive
რა ხდება ფასიანი ქაღალდების ბაზარზე ერთი კომპანიის მიერ მეორეს შესყიდვისას ან თანაბარ-უფლებიანი შერწყმისას? ასეთი ოპერაციები ხშირდება ეკონომიკის აღამვლობის ფაზაში. ზოგჯერ სახელმწიოფო რეგულაციებიც ასტიმულირებს. მაგრამ, იმის გასაგებად თუ რა […]
The market views divestment positively as an event, even though management usually avoids such decisions. However, divestment does not always create value and can sometimes result in negative […]
Mergers and acquisitions can be executed either with cash or by transferring the shares of the new company. What is the difference? When the acquisition is done with […]
Managers often justify mergers and acquisitions by claiming that the operation is accretive, meaning that EPS (earnings per share) increases, and therefore shareholders should be satisfied. However, the […]
According to McKinsey’s research (1999-2013, 1770 transactions), the combined value of the acquiring and acquired organizations increased by an average of 5.8% as a result of acquisitions. In […]
“When a management team with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.” […]
It’s a widely spread misconception when investors believe that purchasing a company with a high P/E ratio from a company with a low P/E ratio automatically corrects both ratios to the higher one and not the average…
