M&A Concepts Flashcards
What is the Difference between Merger and Acquisition?
What are some Potential reasons for acquisition?
What are Vertical and horizontal mergers?
What are synergies and why are they important?
What is the difference between a strategic acquisition and a financial one?
What is premiums paid analysis in M&A?
Common reasons that M&A deals fail to create value?
Many M&A transactions destroy, rather than create, value. So why are they done?
What is a teaser?
What does a CIM consist of?
A Confidential Information Memorandum (CIM) is a detailed document prepared during an M&A process to provide potential buyers with key information about a target company. The CIM serves as a marketing document and includes detailed operational, financial, and strategic information while maintaining confidentiality.
What is the Letter of Intent?
Material Adverse Change Clause
What are no-shop provisions in M&A deals?
Contrast a friendly acquisition and hostile takeover attempt
What are some common defensive measures to block a hostile takeover attempt?
Active measures to block a hostile takeover attempt?
What is a staggered board and how does it fend off hostile takeover attempts?
What is divestiture?
What is an equity-carve out vs spin-off?
What is a reverse merger?
What is the winner’s curse in M&A?
What is a pitch book and what’s found in it?
