FINANCE

Mergers and Acquisitions in the Field of Accounting and Finance



ACKNOWLEDGEMENT

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DECLARATION

I , hereby declare to the best of my knowledge that all the contents of this thesis represent my personal authentic work, and that no such thesis has been previously submitted for any academic examination or any other qualification. Additionally, it is a representation of my own personal opinions, and does not have anything to do with those of the University.

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ABSTRACT

Mergers and Acquisition activity is now considered as day-to-day objective for most organisations rather than once-in-a-lifetime corporate affair. Small and large companies are merging to create a healthier company culture of financial base. The purpose of this paper is to expand the boundaries of our knowledge by exploring some relevant facts and figures related to Mergers and Acquisitions. The author will examine the various aspects of Mergers and Acquisitions in the Field of Accounting and Finance.

Table of Contents

Acknowledgement1

Declaration2

Introduction5

Literature Review6

Operational Synergy9

Financial Synergy10

`Changes in the M&A Landscape15

Mergers and Risk17

Market reaction18

Research on banks19

Methodology20

Research Design20

Descriptive Research21

Research Approach21

Data Collection Method22

Conclusion22

References24

Mergers & Acquisition in the field of Accounting and Finance

Introduction

The purpose of this paper is to expand the boundaries of our knowledge by exploring some relevant facts and figures related to Mergers and Acquisitions. Furthermore, the author will examine the various aspects of Mergers and Acquisitions in the Field of Accounting and Finance.

Mergers, the combination of two or more organizations for mutual gain, and takeovers, the acquisition of a majority of shares in a company in order to gain control, are central features of the corporate economy in the US and the UK. They are becoming increasingly important in other economies.

During the years of 1895 and 1905, there were small companies with little market these companies began to consolidate with companies like themselves to create bigger companies, more powerful institutions that dominated their markets. This movement was so powerful that in the 90's, business mergers that occurred were 20% of GDP and in 1990 was only 3%. Because of these mergers, many companies were created to become one of the strongest known today in the market. Thus began the trend of mixing business, which become dominant in the business and give consumers what they need or want at a price they can afford.

It is difficult to name a sector of the global business world that has not been touched by the recent wave of merger activity. Mergers, which occur when two companies join to form a single company, have been completed or announced in industries as diverse as telecommunications, auto manufacturing, banking, airlines, computers, retail, publishing, defence contracting, pharmaceuticals and health care over the past few years. The list goes ...