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Guides -- Mergers & Acquisitions

M&A is a general term for deals activity, including mergers, acquisitions, consolidations, and takeovers. It also refers to the department or unit within a corporate finance group that researches M&A opportunities for clients and advises on takeover targets and possible courses of action.

This Guide will point you in the direction of sources useful for researching M&A activity for a variety of applications:

Getting Started

Mergers, Acquisitions, and Corporate Restructuring, 3rd ed.
BUS REF HD 2746.5 .G38 2002

The Art of M&A: A Merger/Acquisition/Buyout Guide, 3rd ed.
BUS REF HD 2746.5 .R44 1999

Terminology

Mergers and Acquisitions Investment Dictionary
Definitions of the most frequently used terminology

Merger
The combing of two or more entities into one, through a purchase acquisition or pooling of interests. Differs from a consolidation in that no new entity is created from a merger.

Acquisition
Acquiring control of a corporation, called a target, by stock purchase or exchange, either hostil or friendly, also called a takeover.

Takeover
Acquiring control of a corporation, called a target by stock exhange or purchase, either hostile or friendly.

Consolidation
The combing of two or more companies, functional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation.

Leveraged Buyout (LBO)
Takeover of a company or controlling interest in a company, using a significant amount of borrowed money, usually 70% or more of the total purchase price.

Tender Offer
A takeover bid in the form of public invitation to shareholders to sell their stock, generally at a price above the market price.

For additional definitions, see: The M&A Deskbook, BUS REF HD 2746.5 2001



 

 

 

 

 

 

 

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