A PROJECT REPORT

ON
________________________________

A report submitted in partial fulfillment of

the requirements of
PGPM Program of
IBS GURGAON

Submitted To:
Prof. Jyoti Ahluwalia

Submitted By:

Table of Contents
Introduction ......................................................................................................................... 3
Companys Description before Merger ....................................................................... 3
Description of Acquiring Firm's M&A strategy ........................................................ 3
Managements Objective for Merger ............................................................................ 3
Real Reasons for Merger .................................................................................................. 3
Acquired company: A Good Fit? ..................................................................................... 3
Company: Laid-Off? ............................................................................................................ 4

Reasons for its Lay-Off ............................................................................................................... 4

The Acquisition Process ................................................................................................... 4

Valuing the Target Company: DCF and Price Relatives. ........................................ 4
Financing the Merger ........................................................................................................ 4
Influential Equity Holding: Bidder and Target Company ..................................... 4
Competitors Reaction to the Merger........................................................................... 4
Stock Prices Movements: Reaction to the Merger ................................................... 5
Investment Banks: Role in the Merger ........................................................................ 5
Post-Merger Managerial Effects .................................................................................... 5
Transaction Affects: Firms and Industries ................................................................ 5
Conclusion ............................................................................................................................. 5
References ............................................................................................................................. 6

Introduction
(It should contain the purpose and scope of the report, limitations, scope of
study, methods of collecting data and their sources, sufficient background
materials, an outline of the work should also form a part of the introduction)

Companys Description before Merger

(Description of both the companies before merger needs to be discussed)

Description of Acquiring Firm's M&A strategy

(Discuss and critique upon the acquiring companys long-term M&A Strategy)

Managements Objective for Merger

(Discuss the reasons given by management for merger, specifying objectives
of the merger i.e. operations, revenues, costs, market share, finances, etc.)

Real Reasons for Merger

(Specify the points which you think could be the real reasons for merger)

Acquired company: A Good Fit?

(Is the acquired company (or merger) a good fit? Are the two companies'
technologies and systems compatible (computers, etc.)? Are their cultures
compatible?)

Company: Laid-Off?
(Which company will be laid-off?)

Reasons for its Lay-Off

(Why the company was laid-off)

The Acquisition Process

(Describe the acquisition process i.e. defensive tactics, other bidders, etc.)

Valuing the Target Company: DCF and Price Relatives.

(Value the target company using the DCF and Price Relatives)

Financing the Merger

(Discuss and critique how the merger will be financed)

Influential Equity Holding: Bidder and Target Company

(Who are the largest holders of equity in the bidder and target? How did they
influence the deal?

Competitors Reaction to the Merger

(How do you expect the competitors to react to the merger?)

Stock Prices Movements: Reaction to the Merger

(Track the target & bidder stock prices against an appropriate index around
the merger announcement. Discuss why the stock prices reacted the way they
did.

Investment Banks: Role in the Merger

(What investment banks were involved in advising the involved companies?)

Post-Merger Managerial Effects

(Discuss relevant managerial changes, reassignments, along with impacts on
managerial compensation.)

Transaction Affects: Firms and Industries

(How did the transaction affect competition in the firm or firms' industry (ies)?)

Conclusion
(Relate to inferences or interpretations reached after a careful study of the
findings of the report)

References