Assessment of Merger & Acquisition Deals
Assessment of Merger & Acquisition Deals
Critically evaluate and compare the following M&A deals: A) Novartis AG (NVS) and GlaxoSmithKline (GSK) 2014 B) Facebook Inc (FB) and WhatsApp
2014 Consider how different aspects of the deals unfold over time. Assessments should begin by stating the issue/aspect/perspective being investigated,
why it is important and how it will be investigated. A brief overview of the deal or deals to be analysed and evaluated should be provided noting purpose,
context and basic data. You should next consider the following basis on which to evaluate the chosen deals, i.e. following perspectives to be used to
critically inform your analysis: ï·
Compare predeal strategy with post deal strategy outcome (is there a need to have different strategy in different
industry?) ï·
Compare predeal financial performance against postdeal financial performance (relative to sector/industry) ï·
Compare actual postdeal
integration process against planned process (does the industry plays a role in that?) ï·
Reviewing synergies â
theoretical v realised In doing so above:
a) compare prescriptions in the M&A literature with what has actually happened in practice, that is, the literature suggests communications are vital and
yet post deal communications might have been poor or misleading b) use M&A theoretical lens to explain what occurred In marking your assessment,
examiners will be looking for evidence that: ï·
You demonstrate an ability to analyse M&As using appropriate concepts, theories, frameworks and models
introduced in the module ï·
You have read additional literature around the concepts, theories, frameworks and models theories you have used ï·
You
are able to make robust evaluations and draw valid conclusions from analyses drawing on appropriate concepts, theories, frameworks and models
Associated Book: Mergers & Acquisitions by Duncan Angwin Suggested format: 1 State the issue/aspect/perspective and justify the approach 100
words 2 Brief overview of the deal(s) being investigated (about 150 words) â
Purpose â
Context â
Basic M&A data, e.g. price, hostile/friendly,
listed/unlisted, etc. 3 Analysis â
(directions given above) 4 Summary â
what conclusions have you drawn? (150 words) IMPORTANT: THERE IS A
ISSUE WITH YOUR WEBSITE. I CANT SELECT CITATION STYLE AND NUMBER OR SOURCES. THESE SHOULD BE: CITATION STYLE: HARVARD NUMBER OF
SOURCES: 16 References: Theoretical from relevant M&A theories: Deals specific: from reputable sources such as FT, Economist, Time Magazine,
Reuters, Bloomberg Word count to exclude citation references. Please add relevant data tables, graphs, infographics, wherever available
