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M&A Process and Defensive Strategies

  • Vinod Kumar
  • Priti Sharma
Chapter

Abstract

This chapter ventures into the M&A process and compliances to be done by the acquirer. Various processes which would be undergone by parties/companies entering into an M&A deal includes identifying target and formulation of strategies, evaluation and analysis, deal negotiation processes, due diligence, closure of deal, etc. The chapter also makes the reader understand the various options available to the corporate in order to curtail hostile takeovers. The employability of pre-offer and post-offer defensive mechanisms by the companies is covered in detail. Preventive defense strategies include differential voting rights (DVRs), ESOPs, poison pill, golden parachutes, etc. Post-offer defensive strategies include greenmail, crown jewel, Pac-Man defense, etc.

Key Words

Mergers and acquisitions process Strategy formulation Target evaluation Deal negotiation Due diligence Defensive strategies Preemptive strategies Post-offer strategies 

Copyright information

© The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Vinod Kumar
    • 1
  • Priti Sharma
    • 2
  1. 1.SGND Khalsa CollegeUniversity of DelhiNew DelhiIndia
  2. 2.Institute of Management Technology, Centre for Distance LearningGhaziabadIndia

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