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Overview of Select M&A Deals

  • Vinod Kumar
  • Priti Sharma
Chapter

Abstract

This chapter is an abridged version of few of the renowned mergers and acquisitions in India and globally. It tries to outline the key aspects to the deal giving the overview of the deal, structures, financing, etc. The success of some M&A transactions like acquisition of Escorts by Fortis, Vodafone–Hutch shows that this inorganic route of growth may result into better performance, increased valuation and improvement in shareholder’s wealth. On the other hand, deals like GlaxoSmithKline merger and acquisition of Corus by Tata Steel have been included to depict that always bigger may not be beautiful. Business combination may destroy the shareholders wealth if it is not a strategic fit or high acquisition price is paid by the acquirer to build the empire, etc.

Keywords

M&A deal Success Growth Value addition Shareholder’s wealth Operating profit Cost of capital Fortis-Escorts Vodafone–Hutch GlaxoSmithKline Tata-Corus 

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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