Mergers and Acquisitions

Mergers and Acquisitions Table of Contents 1. 1.1 1.2 1.3 1.4 1.5 2. 2.1 2.2 2.3 2.4 2.5 3. Mergers and Acquisitions .................................................................................... 1 Horizontal mergers and acquisitions ............................................................... 2 Vertical Mergers and acquisitions ................................................................... 2 Congeneric Merger ands acquisitions ............................................................ 2 Spin-offs ........................................................................................................... 3 Divestitures ...................................................................................................... 3 Examples ............................................................................................................. 4 Horizontal Mergers And Acquisitions; Hewlett Packard and Compaq ........... 4 Vertical Mergers And Acquisitions; USN Corp and Altron Ltd. ...................... 4 Cogeneric Merger And Acquisitions; Abbey National and Santander ........... 5 Spin-off; British Telecom and O2 .................................................................... 6 Divestitures; Unilever and Elizabeth Arden .................................................... 6 Value Creation ..................................................................................................... 7 References ..................................................................................................................... 7 1. Mergers and Acquisitions Mergers and acquisitions take place in different ways resulting form divergent motivation of the part of players, they can take different formats and manifest with various practices and rates of success. In this paper five different forms of merger and acquisition will be consid