INTRODUCTION
As the Associate Analyst in RAM Holdings Berhad, we chose to discuss on the merger and acquisition between CIMB Group Holdings Berhad (CIMB), RHB Capital Berhad (RHBCAP) and Malaysia Building Society Berhad (MBSB). Mergers involve the integration of two organisations to establish one entity while acquisitions involve one organisation being taken over by another (EduPristine, 2017). The three-way merger was proposed with the intention of creating one of Southeast Asia’s biggest financial institutions and the world’s largest Islamic bank, with a value of RM 72.5 billion that will replace Malayan Banking Berhad (MAYBANK).
BACKGROUND OF CASE STUDY
On 9th October 2014, CIMB, RHBCAP and MBSB announced that they have made an application to Bank Negara Malaysia (BNM) to seek approval for its proposed merger. Based on speculations, the deal was structured in such a way whereby RHBCAP was to acquire CIMB for RM 60.6 billion because it is easier for shareholder approval due to the smaller size of the entity. The merge involved the disposal of CIMB assets and liabilities to RHBCAP through a share swap with an exchange ratio of 1 RHBCAP share to 1.38 CIMB shares (Gurmeet, 2015). The swap quotes one CIMB to RHBCAP share at RM 7.27 and RM 10.03 respectively. CIMB shareholders will own 70% of the merged entity whereas the remaining 30% will be owned by RHBCAP shareholders (Lin Say, 2014). The merged entity will have an estimated worth of RM 613.7 billion for its combined
CCIB received a SOC 341 from APS for the following residents: Daniel Hourihan (DOB: 10/03/54), Gerardo Guerrero (DOB: 01/02/95) and Gerald Gaither (DOB: 06/14/59). Per the reporting party, Lee Nln, the provider/Owner Cheryl Oliver has been advertising her independent living facility as a board and care. RP stated that her clients have been paying the board and care rate and the client require medication management. RP stated that in April 2018, client Daniel Hourihan moved to another facility. The rent for Daniel was sent to Ms. Oliver who continued to cash the rent checks for Daniel.
CCIB received a referral #0424-8590-7518-9033739 via fax from Juana Torres regarding Kenneth Salazar (3) (DOB 5/27/2013). RP reported on 3/14/17, Kenneth was physically abused by his teacher 's aide Rosa Espinoza. RP reported she picked him up Kenneth from his Headstart program and took him home. RP reported Kenneth was wearing a sweater and the she asked him to take it off and he did.
INTRODUCTION:- Jurlique International Pty Ltd. is an Australian cosmetics manufacturer specializing in natural botanical-based skincare and cosmetics under the brand name Jurlique. Jurlique is considered ethical and environmentally friendly. Jurlique was founded in 1985 the Australian state of South Australia by Dr Jurgen Klein and his wife Ulrike. The company 's name is based on a phonetic combination of their first names.
According to their lastest published financial statement , in 2013 they had $909,797,201 in assets, $592,740,013 in liabilities, and expended $4,199,618 for salary and benifits, $824,634 for administration, $726,920 for Professional Servcies, $20,149,055 for Projects Costs, and $226,818
Coles Supermarket Australia Pty Ltd is an Australian supermarket, owned by Wesfarmers. It is commonly known as Coles and was founded on 9th April 1914 in Smith St, Collingwood, Victoria. Till now, Coles has operated over 700 stores throughout Australia and employs over 100,000 employees. It controls 35% of Australian supermarket industry. Coles was founded when George James Coles opened the Coles Variety Store on the street in Melbourne.
This paper will illustrate how the acquisition merger of BI and A, with opportunity for growth failed profitability. BI is known for academic research and teaching and A was known for surgical specialties and
Investment Banking Report “Mergers and Acquisitions” Student Names and Numbers Despo Michaelidou - Ioanna Panayiotou - Mikaella Savva - 20140213 Katerina…. Svetlana…. Introduction Back in 2006, a merger & acquisition agreement between two well-known companies set the basis for the continuation of the evolution in the animation industry. Being partners for more than a decade, Disney and Pixar eventually merged, after a number of unsuccessful attempts.
Name: Stephen Catterall Student ID: 864309 Unit 407 – International Business Strategy (Blended MBA, 2014) Assignment Report for senior management evaluating how well ANZ Banking Corporation, is currently performing, and recommending how it can improve its international business performance with a view to its further expansion into the China (PRC) market. Chair: Dr. Vanaja Karagiannidis Date: 25th August 2014 Word Count: 2,649 Table of Contents 1 Executive Summary 4 1.1 Project Summary 4 1.2 Procedures Used 4 1.3 Problems Identified 4 1.4 Results 4 1.5 Recommendations 4 2 Introduction 6
Many mergers tend to fail and many others succeed. A merger is the combining of assets and operations, usually between two similar sized companies, in an agreement to join together. Mergers can cause bankruptcy, job losses, less choices, and even a breakup. On the other hand, they have many advantages such as, increased market share, lower cost of production, and higher competitiveness. Most mergers can be highly risky but with the presence of knowledge and intuition they can be successful.
Question 1 Several factors have been proposed as providing a rationale for mergers. Among the more prominent ones are (I) tax considerations, (2) diversification, (3) control, (4) purchase of assets below replacement cost, and (5) synergy. From the standpoint of society, which of these reasons are justifiable? Which are not?
To determine the enterprise value, the equity is added to the debt and the cash equivalents are deducted from the total. Minority shares and preferred equity are usually added when calculating enterprise value, however, Six Flags does not have these positions in the newly proposed structure so they do not need to be included. The proposal features $450 million for 69.8% of the new equity, valuing the total equity at $644.7 million, Including both the revolver and the term loan Six Flags will raise $830 million in debt. Finally, the cash that Six Flags will hold needs to be determined, taking an average of cash and equivalents since 2003 yields a mean average of $163.7 million which needs to be deducted. Understanding Six Flags’ enterprise value of $1.311 billion (Exhibit 2), H Partners is able to make a more informed decision as to the overall health of the company.
Firstly, this acquisition is beneficial to MEG’s future expansion. MEG will gain enough money to improve the financial situation and develop other business better, such as digital media and TV. Compared with newspaper division, these businesses have more potential to grow stably. More concentrate on these fields is the correct way to develop the company. Additionally, Berkshire Hathaway has already run its own media business since 1973.
SUPERMAX Corporation Berhad should be aware of their cultural differences in the workplace. Since there have a lot of different race in Malaysia and also most of the workers are from the different background so it can easily cause communication barrier happen between all the workers within the workplace. SUPERMAX should treat this issue seriously and handle it properly in order to avoid misunderstanding and tension between employees. It is vitally significant that there is a good relationship between all the employees and also the superior because it can affect the company’s productivity and efficiency. SUPERMAX should have cultural sensitivity in order to create a harmonious atmosphere in the workplace at the same time it can improve the performance of the company.
Sembcorp Industries (SCI) is a Singapore-based industrial conglomerate with business interests in: 1) utilities (primarily on electricity generation and wastewater treatment); 2) offshore/marine through its 61%-owned subsidiary Sembcorp Marine; and 3) urban development (developing industrial parks). SCI is 49.55%-owned by Temasek (AAA/Aaa), a government-owned holding company that has equity stakes in several strategic companies in the country. Investment Rationale : We rate SCI as BBB with one notch uplift from the potential support from Temasek. The rating is underpinned by its strong track record in utilities and marine business.
Motilal oswal securities Ltd The Motilal oswal ltd company was the parent company of the Motilal oswal securities ltd, it was the subsidiary company. Motilal Oswal Company was established by Motilal oswal and Raamdeo agarwal in 1987 and gets the membership from the BSE. It got it final certificate of registration approval in the year 2010 from the securities and exchange board of India regarding the setup and expansion of the business of mutual funds in the country. Motilal oswal securities ltd was incorporated in the year 1994 and its main business is stock broking and wealth management. Motilal Oswal Company has 99.95 % holdings previously which became 100 % holdings In Motilal securities ltd .It was one of the subsidiary company of the