Compute the value of the synergy

Assignment Help Accounting Basics
Reference no: EM133136159

Question - Company A is preparing a deal to acquire company B.  One analyst estimated that the merger would produce 475 million dollars of annual cost savings, from operations, general and administrative expenses, and marketing. These annual cost savings are expected to begin three years from now, and grow at 2% a year. In addition, the analyst is assuming an after-tax integration cost of 0.5 billion and taxes of 21%. Assume that the integration cost of 0.5 billion happens right when the merger is completed (year 0). The analyst is using a cost of capital of 10% to value the synergies.

Company B's equity is trading at 9.3 B dollars (market value of equity). Company A is planning to pay a 28% premium for company B.

a) Compute the value of the synergy as estimated by the analyst. Please show your calculations.

b) Does the estimate of synergies in a) justify the premium that company A offered to company B?

Reference no: EM133136159

Questions Cloud

Current trends in organizational training : What are the Current trends in organizational training?
Hr strategy-e-commerce comes to starlight book : You are the HR director for Starlight Books in Cambridge, Ontario, a family-owned business since 1910. It has been very successful over the years, providing a w
What should a whs system address : 1. What should a WHS system address? . What are the main objectives of WHS/OHS legislation in the workplace?
Evaluate the effectiveness of the program : Develop the training program without the needs assessment, how would you proceed to ensure the training met the needs of the organization
Compute the value of the synergy : Company B's equity is trading at 9.3 B dollars (market value of equity). Compute the value of the synergy as estimated by the analyst
Executive team within a healthcare organization : As a member of an executive team within a healthcare organization, present a comprehensive plan in managing the need for expanding your healthcare facility.
Three-stage model of organizational socialization : Using Feldman's three-stage model of organizational socialization (anticipatory socialization, encounter, and change and acquisition), how would you describe th
Develop a rtw accommodation plan : Discuss the sources and people you would consult in order to develop a RTW! accommodation plan.
Variables that influence an employee decision : What are the variables that influence an employee's decision to leave or stay at an organization (Hint: It's not just money.)

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd