Intro. to Corporate Restructuring Guess what is the Corporation up to?
Jul 12, 2015
Intro. to Corporate Restructuring
Guess what is the Corporation up to?
MERGER
ACQUISITION
JOINT VENTURE
TENDER OFFER
ASSET ACQUISITION
SPIN-OFF
SPLIT-OFF
SPLIT-UP
DIVESTITURE
EQUITY CARVE OUT
GREEN MAIL – T.O. DEFENSE
WHITE KNIGHT – T.O.DEFENSE
WHITE SQUIRE
These were some options…..
CORPORATE RESTRUCTURING
• These are activities related to expansion/contraction of a firm’s operations or activities related to changes in its assets or ownership structure.
• The most common forms of Corporate Restructuring are – mergers, amalgamation, acquisition, divestiture, demerger, etc.
Classification of Corp. Res. Options
1. EXPANSION
MERGERS
TENDER OFFER
JOINT VENTURE
2. SELL-OFFS
SPIN-OFFS
SPLIT –OFF
SPLIT-UP
DIVESTITURE
Classification of Corp. Res. Options
3.CORPORATE CONTROL
PREMIUM BUY BACK
STANDSTILL AGREEMENT
ANTI-TAKEOVER AMMENDMENT
PROXY CONTESTS
4. CHANGES IN OWNE SHIP STRUCTURE
EXCHANGE OFFERS
SHARE REPURCHASES
GOING PRIVATE
LEVERAGED BUY-OUT
DISINVESTMENT