Business combinations such as mergers, acquisitions, and takeovers allow companies to combine in order to achieve various strategic objectives like faster growth, improved profits, market power, and cost reductions. There are different forms of business combinations including mergers where companies combine and consolidate assets, acquisitions where one company takes control of another, and takeovers which can be hostile acquisitions against management's wishes. Analyzing and executing business combinations requires careful planning, searching for suitable targets, financial evaluation, negotiation, and post-merger integration to realize expected benefits.

1. b usiness c ombination

2. Why Business Combination? Forms Of Business Combination

6. Merger Merging Companies are called Amalgamating Companies New Company is called Amalgamated Company

7. Merger Merger Through Absorption MERGER THROUGH CONSOLIDATION

9. Western Union Bank Merged With IDBI New Bank Of India Merged With PNB Bank Of New York Merged With Mellon Financial

11. Merger Merger Through Consolidation Hindustan Computers Ltd Hindustan Instruments Ltd Indian Software Co .Ltd Indian Reprographic Ltd HCL LTD

12. Acquisition An Acquisition may be an act of acquiring effective control by one company over assets or management of another company without any combination of companies…….. Companies may remain independent, separate But there may be change in control of Companies……..

14. Dabur Pharma to acquire Thai company Aditya Birla Group to acquire Trinethra China’s largest Bank to take over Indonesian Bank

15. WE ARE LOOKING TO ACQUIRE Pl. send proposals & contact details to [email_address] HOSPITALS We are leading business house with a reputed presence in In health care sector in the country We are likely to acquire medium to large sized hospitals in Metros, state capitals & tier 1 cities. They could be on out right purchase or long term lease. We are also open to Joint Ventures

16. Acquisition & Takeover When Acquisition is unfriendly or hostile It may be called Takeover

17. Mittal -Arcelor Case Mittal Steel bids for Arcelor-27.1.06 Mittal after Arcelor’s Cash -2.2.06 Mittal and Arcelor seek Support-6.2.06 Arcelor investors favour mittal but want more-15.2 Arecelor offer sweet,hostality wanning-mittal 16.2 Arecelor declared higher dividend than mittal-16.2 Mittal Steel Launched formal take over-19.5 Mittal raised bid before share holders meet-19.5 A,lor to merge with Russian Company Severstal 26.5 Mittal –Arcelor start talks -9.6 Arecelor rejects mittal bid-12.6

20. Horizontal Merger Vertical Merger Conglomerate Merger FORMS OF MERGER

22. Are there any alternatives to Mergers or acquisitions?

30. Steps in Analysis Of Mergers & Acquisitions Planning Search & Screening Financial Evaluation Mode of Merger Negotiation Post Merger

34. Steps in Analysis Of Mergers & Acquisitions Mode of Merger Regulations Time frame Resources Degree of control Assume hidden liabilities

35. Steps in Analysis Of Mergers & Acquisitions Negotiation Your intentions should be to pay one dollar more than the value to the next highest bidder and an Amount that is less than the value to you

36. Steps in Analysis Of Mergers & Acquisitions Post Merger Check Hostility Anticipate Problems Solve Problems Treat people With Dignity “ Art of taking over Company Without overtaking It”