Assessment of M&A from shareholder perspective and shareholder Value Creation - Advice and Books?
Could someone point me to good readings / books on assessment of M&A from a shareholder perspective? What are the considerations, focus areas, financial analyses to be undertaken (if any aside from EPS accretion, value creation / synergies, etc.)? As part of an assignment, have to assess a potential M&A (all share deal so both shareholders will own the combined post transaction) and do a presentation from the shareholders perspective. Any advice on how to structure it? I was thinking having 5-7 slides: - Exec sum with my recommendation stated upfront and the key assumptions (financing, etc.) - Short overview of both business and simple combo analysis (geo overlap, segment / product overlap etc) - Latest trading stats, price performance, multiples - Historic key financials side by side - Rationale of a combination (or why not, in my case I believe it should not be combined, so probably just stating the risks and why it does not make sense qualitatively?) - Financial Impacts: accretion / dilution, value creation / destruction, synergy assessment, RoI - Summary (punchy recap of the key points why / why not)
I want to keep it short and simple, and potentially have other supporting materials if a more detailed discussion is necessary.
Any advice greatly appreciated from someone working in a fundamental L/S equity fund preferably and your views on what you would like to see in such assessment.
Bump - any quick advice greatly appreciated!
Pm me
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