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008 130211s2012 nyu o 000 0 eng d
040 _aEBLCP
_beng
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_dOCLCQ
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020 _a9781118818497
_q(electronic bk.)
020 _a1118818490
_q(electronic bk.)
020 _a1299965784
020 _a9781299965782
020 _z9781118440070
020 _z1118440072
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029 1 _aDEBBG
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035 _a(OCoLC)827208387
050 4 _aHG4521 .M434 2012
082 0 4 _a658.162
049 _aMAIN
100 1 _aMelka, Lionel.
245 1 0 _aMerger Arbitrage :
_ba Fundamental Approach to Event-Driven Investing.
260 _aNew York :
_bWiley,
_c2012.
300 _a1 online resource (312 pages).
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
490 1 _aThe Wiley Finance Series
505 0 _aMerger Arbitrage; Contents; Foreword; Acknowledgements; About the Authors; Introduction; PART I THE ARBITRAGE PROCESS; 1 The Role of the Market in Mergers and Acquisitions; 1.1 Structural Changes to the Financial Markets; 1.2 Changes to M & A Practice; 1.3 Market Evaluation of M & A; 1.3.1 The price offered to shareholders of the target company; 1.3.2 Structure -- the key to evaluating an offer; 1.4 Types of Synergies and Waves of M & A; 1.4.1 Justification for transactions; 1.4.1.1 Better efficiency; 1.4.1.2 Obtaining market power; 1.4.1.3 Acquiring specific resources.
505 8 _a1.4.1.4 Benefiting from the intellectual property of the target company1.4.1.5 Hindering the progress of a troublesome competitor; 1.4.1.6 Blocking new entrants to a sector; 1.4.2 Waves of M & A; Case Study: The Alcan/Pechiney Deal; 2 The Different Types of Transactions; 2.1 Types of Transactions; 2.1.1 Cash transactions; 2.1.2 All-share transactions; 2.1.3 Mixed cash-and-share transactions; 2.1.4 Collars; 2.2 The Choice of Payment Method; 3 Risk and Return Factors; 3.1 The Different Outcomes; 3.1.1 The transaction is completed; 3.1.1.1 The probability of success; 3.1.1.2 Risks of failure.
505 8 _a3.1.2 The transaction fails3.1.2.1 Estimating failure; 3.1.2.2 Estimating potential losses; 3.1.3 The transaction is completed at a price lower than the initial offer; 3.1.4 Rival bids and bidding wars; 3.2 M & A Timetable; 3.2.1 Timetable considerations according to offer type; 3.2.1.1 Takeovers; 3.2.1.2 The unique case of tender offers; 3.2.1.3 Mergers; 3.2.2 Sector differences; 4 The Merger Arbitrage Strategy; 4.1 The Long-Term Profitability of the Strategy; 4.2 The Factors that Influence Returns; 4.3 The Different Approaches to the Strategy Developed by Specialist Managers.
505 8 _a4.3.1 The deal's risk zone4.3.2 The use of leverage; 4.3.3 The use of options or bonds; 4.3.4 Investment portfolio analysis; 4.3.5 Portfolio concentration; 4.3.6 The role of trading; 4.3.7 Classifications; 4.4 The Conclusions of Academic Studies; 4.4.1 Studies on the returns generated by merger arbitrage strategies; 4.4.2 The role of arbitrageurs in the execution of M & A transactions; 4.4.3 Other characteristics of merger arbitrage strategies; PART II ANALYZING THE RISK OF FAILURE; 5 Financing Risk; 5.1 The Different Financing Methods; 5.1.1 Revolving credit; 5.1.2 Bridge loan; 5.1.3 Term loan.
505 8 _a5.1.4 Syndicated loan5.1.5 Mezzanine loans; 5.1.6 The bond market; 5.1.7 Contingent value rights (CVRs); 5.2 The Legal Security of the Financing; 5.2.1 The UK legal framework; 5.2.2 The US legal framework; 5.2.3 The European legal framework in general; Case Study: The Dow Chemical/Rohm & Haas Deal; 6 Competition Risk; 6.1 Origins and Regulatory Framework of Competition Law; 6.1.1 United States; 6.1.2 Europe; 6.2 Competent Authorities and Approval Process; 6.2.1 United States; 6.2.2 Europe; 6.2.3 China; 6.3 Competition Remedies; 6.4 Country Differences in Evaluation.
500 _a6.5 The Allocation of Competition Risk between the Parties.
520 _aA wave of corporate mergers, acquisitions, restructuring, and similar transactions has created unprecedented opportunities for those versed in contemporary risk arbitrage techniques. At the same time, the nature of the merger wave has lent such transactions a much higher degree of predictability than ever before, making risk arbitrage more attractive to investors. Surprisingly, there is little transparency and instruction for investors interested in learning the latest risk arbitrage techniques. Merger Arbitrage - A Fundamental Approach to Event-Driven Investing helps readers underst.
588 0 _aPrint version record.
650 0 _aArbitrage.
650 0 _aConsolidation and merger of corporations.
650 0 _aStock exchanges and current events.
650 4 _aBusiness.
650 7 _aArbitrage.
_2fast
_0(OCoLC)fst00812760
650 7 _aConsolidation and merger of corporations.
_2fast
_0(OCoLC)fst00875660
650 7 _aStock exchanges and current events.
_2fast
_0(OCoLC)fst01133593
655 4 _aElectronic books.
700 1 _aShabi, Amit.
776 0 8 _iPrint version:
_aMelka, Lionel.
_tMerger Arbitrage : A Fundamental Approach to Event-Driven Investing.
_dNew York : Wiley, ©2012
_z9781118440018
830 0 _aWiley finance series.
856 4 0 _uhttp://onlinelibrary.wiley.com/book/10.1002/9781118818497
_zWiley Online Library [Free Download only for SUST IP]
938 _aEBL - Ebook Library
_bEBLB
_nEBL1118498
938 _aIngram Digital eBook Collection
_bIDEB
_ncis26316099
994 _a92
_bDG1
999 _c63921
_d63921