Mergers and Acquisitions

By

ACKNOWLEDGEMENTS

I am grateful to the people who assisted me and made this study possible and complete. I would particularly like to thank my friends, facilitator and family for their extensive and helpful comments in initial drafts. I am also deeply indebted to the writers who shared my interest and preceded me. Their works provided me with a host of information to learn and develop my thesis; also served as examples to emulate.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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TABLE OF CONTENTS

ACKNOWLEDGEMENTSII

DECLARATIONIII

CHAPTER 3: METHODOLOGY1

Research Design1

Literature Search1

Keywords2

Research Method2

Literature Selection Criteria2

Search Technique3

Theoretical Framework3

Objective3

Expression data3

Survey study4

Studies of interrelationships5

Case Study5

Causal comparative studies8

Rating9

CHAPTER 4: HISTORY OF SANTANDER AND ABBEY NATIONAL10

The Santander Abbey Deal: a Brief History of Both the Banks10

Abbey National10

Banco Santander Central Hispano11

Background to the Deal13

Reactions to the Deal14

Objectives behind the Deal15

The Integration of the Parthenon It Software into the Operations Of Abbey16

CHAPTER 5: DISCUSSION19

The Effects on the Financial Performance19

Requisites of a Successful Cross Border Acquisition22

Santander / Abbey: Evaluation24

The deal24

The integration25

People and Asset Retention26

Process adoption27

Degree of integration27

Speed of integration28

Knowledge transfer28

Stock Price performance29

Impact on financial performance30

Benefits of the merger31

SWOT analysis of the deal34

Impact on ratio analysis35

Profitability ratio35

Asset Management ratios36

EVA38

Market Value Added (MVA)39

Summary39

CHAPTER 6: CONCLUSION40

Recommendations41

Get to know the target market and the industry - local knowledge is the key41

Estimate the costs of acquisition and strategic risks as accurately as possible41

Exploit the potential of the business42

Brand awareness43

Define the strategic goals43

REFERENCES45

APPENDICES49

CHAPTER 3: METHODOLOGY

Research Design

The research is based on secondary data accumulation; the data used has been collected from various journals, articles and books. Secondary research depicts information assembled by literature, broadcast media, publications, and other non-human origins. In this research, we descriptive method of research will also be utilized. The research accession used is qualitative, as the qualitative research is practically more immanent than quantitative one. This research applied various methods of accumulating data which could be both primary as well as secondary; however, as mentioned earlier the secondary method will be used n this study. This type of study is often less costly than quantitative studies and is exceedingly effectual in acquiring information. It is a frequently used method in instances where valued measurement is not commanded.

Literature Search

The process of literature search was in accordance with the topic's relevance and year of publication; public and individual libraries as well as online libraries were employed to approach the data. Some of online databases that were utilized are SAGE, Questia, emerald, ProQuest, EBSCO and so on. Data collection establishments, for example Gallup and AC Nielsen carry on researches on a repeated basis homing in on a wide range of subjects.

A library is an assemblage of services, resources and sources. Library is organized, functions, and is maintained by a public body, an organization, or even an ...