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National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Vztah výše prémií akvizic (Acquisition Premium) a klíčových ekonomických ukazatelů
 Schmied, Richard
This bachelor thesis examines whether investors are willing to pay a higher price (acquisition premium) for the companies they buy in times of economic growth. Using a correlation analysis, performed on a sample of data between 2004 and 2021, the author of the thesis rejected the dependence of the above time series of acquisition premiums and the development of the economy, expressed by the time series of changes in gross domestic product. The thesis also points out the real determinants of the level of acquisition premiums, such as the size of the company or operational synergies within the company. The author further finds that in times of economic crisis (caused by COVID-19 pandemic) these time series are correlated with each other. He notes that this finding may prove to be a direction for future research in this area. Furthermore, the author mentions possible shortcomings of the paper due to the limited data set. This bachelor thesis can serve as an insight into the issue of acquisitions in the future and the author recommends further research into the above-mentioned phenomena.
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Empirical analysis of patterns of acquired companies
 Kachlík, Brian ; Rýdlová, Barbora (advisor) ; Beran, Marek (referee)
Announcements of acquisitions of publicly traded companies are usually accompanied by their share price booming by tens of percent. The underlying reason is that the acquirer of the company gains a controlling stake, due to which he can help the company pivot in the desired direction or benefit from synergy effects. A minority investor, by definition, is not capable of doing this, thus he is willing to pay a lower price for the shares than the acquirer of the controlling stake. The thesis analyzes whether a minority shareholder can profit from the acquisition premium by purchasing shares of companies which he believes will be later acquired. The paper consists of two parts - theoretical and analytic. The theoretical part discusses the significance of the acquisition premium and its value, with regard to the type of investor and his motivations for the acquisition. The theoretical part yields into the analytic part, where acquisition waves are tested. It also includes an analysis of individual acquisitions and their underlying reasons, which are grouped into categories in order to find patterns of aquired companies.
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