Amazon to become the undisputed retail champion?
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/35248 |
Resumo: | The purpose of this dissertation is to analyze the potential acquisition of Target Corporation by Amazon. The retail industry has been consistently growing in past years, without any signs of slowing down. Even though the Covid-19 pandemic fueled the global shift from physical to online retailing, this acquisition is presented as viable option for a company like Amazon. In order to leverage on its remarkable year results and accentuate its position as the worldwide market leader in the retailing industry, it is proposed a possible strong entrance in the brick-and-mortar retail, in the US, hinted by the 2017 acquisition of Whole Foods. The proposed acquisition is a direct response to Walmart, Amazon’s main competitor in the US, which has recently gained market share in the online retail industry. The recommended bid price is $202.60 per share, which accounts for a 27% acquisition premium over the market price at the 11th of December 2020. This valued is justified by net synergies of $37,369. The transaction should be carried as a friendly takeover and is expected to be an all-cash deal, financed 60% Amazon’s cash reserves and 40% by debt issuance. Amazon’s shareholders have the potential of capturing $15,800 million and an accretion of 27.5% in 2020. |
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Amazon to become the undisputed retail champion?Mergers and acquisitionsRetailE-commerceFusões e aquisiçõesRetalhoDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe purpose of this dissertation is to analyze the potential acquisition of Target Corporation by Amazon. The retail industry has been consistently growing in past years, without any signs of slowing down. Even though the Covid-19 pandemic fueled the global shift from physical to online retailing, this acquisition is presented as viable option for a company like Amazon. In order to leverage on its remarkable year results and accentuate its position as the worldwide market leader in the retailing industry, it is proposed a possible strong entrance in the brick-and-mortar retail, in the US, hinted by the 2017 acquisition of Whole Foods. The proposed acquisition is a direct response to Walmart, Amazon’s main competitor in the US, which has recently gained market share in the online retail industry. The recommended bid price is $202.60 per share, which accounts for a 27% acquisition premium over the market price at the 11th of December 2020. This valued is justified by net synergies of $37,369. The transaction should be carried as a friendly takeover and is expected to be an all-cash deal, financed 60% Amazon’s cash reserves and 40% by debt issuance. Amazon’s shareholders have the potential of capturing $15,800 million and an accretion of 27.5% in 2020.O objetivo da presente dissertação é analisar a potencial aquisição da Target Corporation pela Amazon. A indústria do retalho tem vindo a crescer bastante nos últimos anos, sem quaisquer sinais de abrandamento. Apesar da pandemia do Covid-19 ter contribuído para acentuar a mudança global de retalho físico para “online”, a aquisição proposta é considerada como viável para uma empresa como a Amazon. De forma a poder tirar partido dos seus resultados notáveis de 2020 e a enfatizar a sua posição de líder mundial na sua indústria, é proposta uma forte entrada na indústria de retalho físico norte-americana, denunciada pela aquisição da Whole Foods em 2017. A aquisição seria uma resposta ao Walmart, o principal competidor da Amazon nos Estados Unidos, que tem vindo a capturar uma quota de mercado considerável no retalho “online”. A licitação recomendada é de $202.60 por ação, que inclui 27% de prémio de aquisição acima do valor de mercado no dia 11 de dezembro de 2020. Este valor justificado por sinergias líquidas de $37,369. É esperado que a transação seja de forma amigável e que a oferta seja composta por dinheiro, financiando 60% pelas reservas da Amazon e 40% pela emissão de dívida. Os acionistas da Amazon podem potencialmente capturar $15,800 milhões e uma acreção de 27.5% ainda em 2020.Assunção, António Luís Traça Borges deVeritati - Repositório Institucional da Universidade Católica PortuguesaCorreia, Francisco Maria Marques Batista de Morais2021-09-27T15:18:57Z2021-02-0220212021-02-02T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/35248TID:202657248enginfo: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:RCAAP2023-07-12T17:40:44Zoai:repositorio.ucp.pt:10400.14/35248Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:28:35.364963Repositório 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 |
Amazon to become the undisputed retail champion? |
title |
Amazon to become the undisputed retail champion? |
spellingShingle |
Amazon to become the undisputed retail champion? Correia, Francisco Maria Marques Batista de Morais Mergers and acquisitions Retail E-commerce Fusões e aquisições Retalho Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
Amazon to become the undisputed retail champion? |
title_full |
Amazon to become the undisputed retail champion? |
title_fullStr |
Amazon to become the undisputed retail champion? |
title_full_unstemmed |
Amazon to become the undisputed retail champion? |
title_sort |
Amazon to become the undisputed retail champion? |
author |
Correia, Francisco Maria Marques Batista de Morais |
author_facet |
Correia, Francisco Maria Marques Batista de Morais |
author_role |
author |
dc.contributor.none.fl_str_mv |
Assunção, António Luís Traça Borges de Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Correia, Francisco Maria Marques Batista de Morais |
dc.subject.por.fl_str_mv |
Mergers and acquisitions Retail E-commerce Fusões e aquisições Retalho Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Mergers and acquisitions Retail E-commerce Fusões e aquisições Retalho Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The purpose of this dissertation is to analyze the potential acquisition of Target Corporation by Amazon. The retail industry has been consistently growing in past years, without any signs of slowing down. Even though the Covid-19 pandemic fueled the global shift from physical to online retailing, this acquisition is presented as viable option for a company like Amazon. In order to leverage on its remarkable year results and accentuate its position as the worldwide market leader in the retailing industry, it is proposed a possible strong entrance in the brick-and-mortar retail, in the US, hinted by the 2017 acquisition of Whole Foods. The proposed acquisition is a direct response to Walmart, Amazon’s main competitor in the US, which has recently gained market share in the online retail industry. The recommended bid price is $202.60 per share, which accounts for a 27% acquisition premium over the market price at the 11th of December 2020. This valued is justified by net synergies of $37,369. The transaction should be carried as a friendly takeover and is expected to be an all-cash deal, financed 60% Amazon’s cash reserves and 40% by debt issuance. Amazon’s shareholders have the potential of capturing $15,800 million and an accretion of 27.5% in 2020. |
publishDate |
2021 |
dc.date.none.fl_str_mv |
2021-09-27T15:18:57Z 2021-02-02 2021 2021-02-02T00:00:00Z |
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/10400.14/35248 TID:202657248 |
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http://hdl.handle.net/10400.14/35248 |
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TID:202657248 |
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eng |
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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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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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