Flaptekst

When companies seek to accelerate growth, boost revenue, improve cash flow, achieve economies of scale, or outmaneuver competitors, one strategy stands out: mergers and acquisitions. Thousands of small and mid-sized companies enter into these complex deals every year, resulting in significant benefits...but also setbacks and legal snarls along the way. Mergers and Acquisitions from A to Z provides a comprehensive roadmap to successfully navigating the process--from initial consideration to closing and integration--while avoiding common mistakes, such as overpaying, rushing due diligence, miscalculating risk, or overestimating synergies between two companies. From valuation and deal structure to tax and securities laws, this complete, trusted resource shows buyers and sellers which steps to take and in which order, what documents to complete, and how to get the most value from every transaction--all crucial for keeping the process on track. New chapters cover the importance of purchase agreements and warranty insurance, special challenges and opportunities in cross-border transactions, and the role boards play as they guide executives in making well-informed, legally sound buy-or-sell decisions. Packed with up-to-date tools, checklists, sample documents, case studies, and insights on market conditions, trends, and regulatory developments, the fourth edition explains how to: - Prepare for and initiate the deal, addressing buyers' and sellers' needs - Create a letter of intent, selecting from binding, nonbinding, or hybrid - Conduct due diligence, performing in-depth legal, financial, and operational analysis - Assess regulatory considerations, such as environmental, antitrust, securities, and labor laws - Structure the deal in ways that positively impact taxes, shareholders, accounting processes, and other financial areas - Determine which valuation methods to use and recognize why the actual purchase price may vary - Obtain the best financing option, choosing from equity financing, seller financing, asset-based lending, venture capital, securities, and more - Overcome the challenges of merging personnel, corporate cultures, information systems, and accounting methods - Weigh alternatives to M&A, such as joint ventures, franchising, technology, and merchandise licensing Mergers and acquisitions are some of the most complex transactions business leaders face. Wrong moves can derail the deal, or leave you worse off than you started. But joining companies together can also have a powerful impact on growth, cash flow, market reach, and profitability. Mergers and Acquisitions from A to Z delivers every piece of information you need to get the deal done right. Andrew J. Sherman is a partner in the Corporate and M&A Department at the law firm Seyfarth Shaw, where he advises both Fortune 500 and emerging growth companies. A top-rated adjunct professor in the MBA program at the University of Maryland and at Georgetown University Law School, he is also the author of Raising Capital and Franchising & Licensing and related books on business growth strategies.