Mergers and acquisitions have been demonstrated to create synergies, but not in all cases.
Current research reveals that where synergies exist, these seem to accrue to the shareholders
of the selling companies. Given the limitations of our qualitative research design, we find that it
is important to quantify synergy before the acquisition, preferably by applying certain best
practices. In an attempt to enhance understanding of the phenomenon, we find that several
types of synergy exist and that their origins include efficiencies, such as economies of scale
and economies in innovative activity. We further find that the bid price is an important indicator
of success and that its maximum should not exceed the intrinsic value of the target, plus the
value of synergies between the bidder and target. We further find that best practices exist in
quantifying cost and revenue synergies and describe these separately per origin. / Management Accounting / M.Com. (Accounting)
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:unisa/oai:uir.unisa.ac.za:10500/3965 |
| Date | 06 1900 |
| Creators | De Graaf, Albert |
| Contributors | Pienaar, A. J. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Dissertation |
| Format | 1 online resource (iv, 139 leaves) |
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