13 questions

M&A & merger models

Why companies merge, how deals are paid for, and accretion / dilution.

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Core 6

  1. 01 Why do companies acquire other companies? Frequently askedInternAnalyst
  2. 02 Strategic vs financial buyer: who usually pays more? InternAnalyst
  3. 03 Walk me through a merger model. Frequently askedAnalyst
  4. 04 What makes a deal accretive or dilutive, and is there a quick test? Frequently askedInternAnalyst Plus
  5. 05 What are synergies, and which kind do buyers trust? InternAnalyst Plus
  6. 06 What is a tender offer? InternAnalyst Plus

Intermediate 4

  1. 01 How does a buyer choose between paying in cash and in shares? Analyst Plus
  2. 02 What happens to the balance sheet when one company buys another? Analyst Plus
  3. 03 What is an exchange ratio, and fixed vs floating? Analyst Plus
  4. 04 What defences can a target use against a hostile takeover? Analyst Plus

Advanced 3

  1. 01 Which purchase-accounting effects hit pro-forma EPS? Associate Plus
  2. 02 Is an accretive deal a good deal? Associate Plus
  3. 03 What is a contribution analysis, and why does leverage matter in it? Associate Plus