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Acquisition of Shares and Subsequent Merger in Logistics Company
Tintěra, Richard ; Kislingerová, Eva (advisor) ; Štamfestová, Petra (referee)
In the present diploma thesis named "Acquisition of Shares and Subsequent Merger in Logistics Company" is given a broad overview of difficult processes of mergers and acquisitions as a useful tool for establishing a leveraged buyout (LBO) in terms of Czech business practice. The goal of the thesis is to analyze the specific acquisition process of obtaining a 100% stake in the company and subsequent merger. The thesis also aims to give readers a comprehensive guide of each step of a complex business transformation process through merger and simultaneously propose the optimal structuring of an acquisition of shares from other shareholders, resulting in a 100% stake in the company. In the form of present thesis readers get a manual with specific instructions how to proceed in the case of strategic decisions about leveraged buyouts (LBO) and subsequent merger.
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Financial aspect of Mergers and acquisitions
Suchánek, David ; Krauseová, Jaruše (advisor) ; Marek, Petr (referee) ; Hnilica, Jiří (referee)
In this doctoral dissertation is solved the relation between success in a field of mergers and acquisitions activities with connecting to existence of "agency costs" in stated companies. A domain of mergers and acquisitions is a very complex and dynamic section that includes not only economic relations connected with joinnig enterprises, but also accountancy and law environment, where mergers and acquisitions are realized.
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Corporation mergers in Czech Republic - approaches in valuation
Svízela, Josef ; Vomáčková, Hana (advisor) ; Rajnochová, Lenka (referee)
Work is about corporation mergers in the first place in Czech Republic and about valuation issues. It brings comprehensive view into particular business areas in which are mergeres concerned. It is going about business-legal area, tax and accounting area. Particular sections about these areas are supplemented by the role of the expert in valuation and his opinion. Whole work is ilustrated by the exapmple from praxis.
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Spin-off as a Form of Transformations of Companies
Hindrová, Barbora ; Žák, Květoslav (advisor) ; Spirit, Michal (referee)
The thesis deals with the problems of transformations of companies, especially with spin-offs. Its main aim is to monitor whole process of spin-off from legal, accounting and tax point of view and to highlight some of the most important interpretative issues. To fulfil above mentioned aim, the thesis firstly defines transformations of companies from general perspective. In following parts, the thesis concerns only with spin-off using viewpoints of commercial, accounting, tax and other regulation. This is finally followed by real case of spin-off of private limited liability company.
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EU merger and and dominating position policy: Forming of Visegrad countries banking sectors by cross-border mergers and acquisitions
Hartmann, Ivo ; Němcová, Ingeborg (advisor) ; Šaroch, Stanislav (referee)
An unprecedented process of financial consolidation has taken place in the European Banking Sector over the past 20 years, which in the Visegrad countries was combined with economic transformation. As such, analysis of mergers and acquisitions is made with a view to the importace of the recent economic transformation and scope for further economic development and the Thesis is introduced by an analysis of the banking transformation in the Visegrad countries. Afterwards follows a theoretical part describing and analysing European legislation concerning banking mergers and acquisitions, incentives for them, factors, that support and hamper them, and the synergy following banking consolidation and its impact for supervisory bodies. Finally, building on the abovemetioned theoretical knowledge and premises, we apply them to the economic and banking environment of the Visegrad countries, i.e. we analyse the impact of the European cross-border mergers and acquisitions law on structural indicators of the banking sectors in the Visegrad countries.
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Postmerger Financial Performance: Econometric Analysis
Volgina, Vera ; Hnilica, Jiří (advisor) ; Sieber, Patrik (referee)
There are numerous researches done in the last couple decades dedicated to the observation of impact of merges and acquisitions on the performance of the company. The topic is considered to be up-to-date, as still there is no common approach to evaluating of benefits mergers are about to bring to a new established entity. In this thesis the issue of post-merger financial performance is investigated on an example of three biggest energy companies in Europe: RWE, E.ON and Vattenfall. The aim of the thesis is to find out whether financial performance of chosen companies improves after the merger occurs. This target is elaborated with a help of the analysis of commonly used financial ratios in corporate finance and construction of two regression models, which explain the interrelations between basic indicator of the company's growth (net income), the fact of the merger and determined financial ratios. As an outcome of the research, a few findings were obtained, such as worsening of financial performance three to five years after the merger, with continuing improvement in further years, quite stable financial indicators before the merger, positive interconnection between the fact of the merger and the net income. Such outcomes might be considered as significant, though further research and elaboration of the topic can be performed in the future.
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Proposal for the organizational structure of Kartex a.s. after the merger project with Slim Rope s.r.o. Analysis of opportunities and risks of the merger and the potential economic effects from organizational changes
Mucha, Tomáš ; Jaklová, Martina L. (advisor) ; Gregořica, Rudolf (referee)
In my bachelor thesis I dealt with the ongoing merger of Kartex a.s. and Slim Rope s.r.o. (names are changed due to the wishes of management). In the theoretical part, I outlined the theoretical aspects related to the topic of mergers and acquisitions. In the practical part I will then be dealing with every posibility where synergy could be found, risks that can araise during the merger i.e., there are particular unconnected corporate cultures, and there must be working two, till now, competiting brands side by side, and also design a new corporate culture. The goal of my work was to capture the essence of the problems emerging in the process of "post merger integration (integration of business), because in these moments failures occure in 80% of all business combinations.
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