11 Terms
Home > Industry/Domain > Banking; Business services > Mergers & acquisitions
Mergers & acquisitions
Referring to the aspect of corporate strategy, finance and management that deals with the buying, selling or combining of different companies that can assist a growing company to grow rapidly without having to create another business entity.
Industry: Banking; Business services
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Mergers & acquisitions
Open market share repurchase
Banking; Mergers & acquisitions
The act of a corporation buying its shares in the open market at the prevailing price as any other investor, as opposed to a tender offer for shares or a repurchase resulting from negotiation such as ...
Net synergy
Banking; Mergers & acquisitions
The difference between estimated sources of value and destroyers of value. Nondiversifiable risk Risk generated by factors that affect all firms, such as inflation and war. Nonrecourse financing ...
Minority investment
Banking; Mergers & acquisitions
A less than controlling interest in another firm. Negative covenant A restriction found in loan agreements on the actions of the borrower. Negotiating price range The difference between the minimum ...
No-shop agreement
Banking; Mergers & acquisitions
That which prohibits the takeover target from seeking other bids or making public information not currently readily available while in discussions with a potential acquirer.
Net purchase price
Banking; Mergers & acquisitions
The total purchase price plus other assumed liabilities less the proceeds from the sale of discretionary or redundant target assets.
Net asset value
Banking; Mergers & acquisitions
The difference between the fair market value of total identifiable acquired assets and the value of acquired liabilities.
Net debt
Banking; Mergers & acquisitions
The market value of debt assumed by the acquirer less cash and marketable securities on the books of the target firm.
