Mergers and acquisitions : the case of Kraft Foods and Cadbury
Autor(a) principal: | |
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Data de Publicação: | 2013 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/16780 |
Resumo: | The aim of this dissertation is to focus on a determinant aspect of Corporate Finance that is Mergers and Acquisitions (M&A). This dissertation not only provides a practical analysis of main issued regarding a process of M&A, but also provides a theoretical framework about M&A. Specifically, this dissertation explores the real case of Kraft Foods - world’s second largest manufacturer and packager food products – and Cadbury - the world’s second largest confectionery firm. Despite Food & Beverage Industry being a non-cyclical industry is a highly competitive one, where players compete for price, quality, innovation, brand recognition and loyalty. Together, Kraft Foods and Cadbury will become the largest manufacturer and packager food products in the world. Benefiting from economies of scale, Kraft Foods will be more efficient and better price competitive than its competitors. Kraft Foods should acquire Cadbury through a tender offer. Synergies are estimated to be 25% of Cadbury’s market capitalization at 9th of November of 2009. The price offered should be £7.93 for each Cadbury’s share. To conclude, Kraft Foods should pay 88% in Debt and 12% in Cash through an emission of more than 90 million new shares. |
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Mergers and acquisitions : the case of Kraft Foods and CadburyDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe aim of this dissertation is to focus on a determinant aspect of Corporate Finance that is Mergers and Acquisitions (M&A). This dissertation not only provides a practical analysis of main issued regarding a process of M&A, but also provides a theoretical framework about M&A. Specifically, this dissertation explores the real case of Kraft Foods - world’s second largest manufacturer and packager food products – and Cadbury - the world’s second largest confectionery firm. Despite Food & Beverage Industry being a non-cyclical industry is a highly competitive one, where players compete for price, quality, innovation, brand recognition and loyalty. Together, Kraft Foods and Cadbury will become the largest manufacturer and packager food products in the world. Benefiting from economies of scale, Kraft Foods will be more efficient and better price competitive than its competitors. Kraft Foods should acquire Cadbury through a tender offer. Synergies are estimated to be 25% of Cadbury’s market capitalization at 9th of November of 2009. The price offered should be £7.93 for each Cadbury’s share. To conclude, Kraft Foods should pay 88% in Debt and 12% in Cash through an emission of more than 90 million new shares.Tsvetkov, Peter IordanovVeritati - Repositório Institucional da Universidade Católica PortuguesaRibeiro, Sara Isabel de Paula2015-03-03T15:00:28Z2013-07-1020132013-07-10T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/16780TID:201091267enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-10-03T01:40:03Zoai:repositorio.ucp.pt:10400.14/16780Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:13:58.399924Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
title |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
spellingShingle |
Mergers and acquisitions : the case of Kraft Foods and Cadbury Ribeiro, Sara Isabel de Paula Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
title_full |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
title_fullStr |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
title_full_unstemmed |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
title_sort |
Mergers and acquisitions : the case of Kraft Foods and Cadbury |
author |
Ribeiro, Sara Isabel de Paula |
author_facet |
Ribeiro, Sara Isabel de Paula |
author_role |
author |
dc.contributor.none.fl_str_mv |
Tsvetkov, Peter Iordanov Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Ribeiro, Sara Isabel de Paula |
dc.subject.por.fl_str_mv |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The aim of this dissertation is to focus on a determinant aspect of Corporate Finance that is Mergers and Acquisitions (M&A). This dissertation not only provides a practical analysis of main issued regarding a process of M&A, but also provides a theoretical framework about M&A. Specifically, this dissertation explores the real case of Kraft Foods - world’s second largest manufacturer and packager food products – and Cadbury - the world’s second largest confectionery firm. Despite Food & Beverage Industry being a non-cyclical industry is a highly competitive one, where players compete for price, quality, innovation, brand recognition and loyalty. Together, Kraft Foods and Cadbury will become the largest manufacturer and packager food products in the world. Benefiting from economies of scale, Kraft Foods will be more efficient and better price competitive than its competitors. Kraft Foods should acquire Cadbury through a tender offer. Synergies are estimated to be 25% of Cadbury’s market capitalization at 9th of November of 2009. The price offered should be £7.93 for each Cadbury’s share. To conclude, Kraft Foods should pay 88% in Debt and 12% in Cash through an emission of more than 90 million new shares. |
publishDate |
2013 |
dc.date.none.fl_str_mv |
2013-07-10 2013 2013-07-10T00:00:00Z 2015-03-03T15:00:28Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/16780 TID:201091267 |
url |
http://hdl.handle.net/10400.14/16780 |
identifier_str_mv |
TID:201091267 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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