The proposed acquisition of Danone by Unilever
Autor(a) principal: | |
---|---|
Data de Publicação: | 2020 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/31319 |
Resumo: | The purpose of this dissertation is to propose an acquisition in the Consumer Goods Sector. This Sector has been consistently growing in the last years, and Investment Analysts forecast it as one of the fastest moving in the next years. The proposed companies are Unilever as acquirer and Danone as target. Danone is a unique opportunity for Unilever to acquire a company that has brands loved by million families across countries and a strong pathway for delivering long term sustainable value to the economy and environment. Unilever and Danone have an intrinsic value of €123 046million and €44 507million, respectively. The acquisition would follow a friendly takeover with a bid price of €56 265 million, which represents a 30% premium over the market capitalization of the target as of 29th May 2020. The offer would be 80% cash and 20% equity, financed by cash reserves and the issuance of debt. In term of shares, Unilever would need to issue 242million shares for the acquisition. It is expected that the proposed acquisition yield €13 967million in synergies and deliver €2 208 million value to acquirer shareholders. |
id |
RCAP_c2c8c8b328a27ee875461ae569030a87 |
---|---|
oai_identifier_str |
oai:repositorio.ucp.pt:10400.14/31319 |
network_acronym_str |
RCAP |
network_name_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository_id_str |
7160 |
spelling |
The proposed acquisition of Danone by UnileverMergers & AcquisitionsConsumer goodsHealthy foodFusões e AquisiçõesBens de consumoComida saudávelDomínio/Área Científica::Ciências Sociais::Economia e GestãoThe purpose of this dissertation is to propose an acquisition in the Consumer Goods Sector. This Sector has been consistently growing in the last years, and Investment Analysts forecast it as one of the fastest moving in the next years. The proposed companies are Unilever as acquirer and Danone as target. Danone is a unique opportunity for Unilever to acquire a company that has brands loved by million families across countries and a strong pathway for delivering long term sustainable value to the economy and environment. Unilever and Danone have an intrinsic value of €123 046million and €44 507million, respectively. The acquisition would follow a friendly takeover with a bid price of €56 265 million, which represents a 30% premium over the market capitalization of the target as of 29th May 2020. The offer would be 80% cash and 20% equity, financed by cash reserves and the issuance of debt. In term of shares, Unilever would need to issue 242million shares for the acquisition. It is expected that the proposed acquisition yield €13 967million in synergies and deliver €2 208 million value to acquirer shareholders.Esta dissertação tem como objetivo propor uma aquisição no setor de Bens de Consumo. Este setor tem vindo a crescer nos últimos anos, e analistas preveem como um dos setores com maior mudança nos próximos anos. Unilever é a empresa proposta como investidora e Danone como empresa adquirida. Danone é uma oportunidade única para Unilever adquirir uma empresa que tem marcas amadas por milhões de famílias em vários países e um plano forte para criar valor sustentável a longo prazo para a economia e ambiente. Unilever e Danone têm valor intrínseco de €123 046 milhões e €44 507 milhões, respetivamente. A aquisição seguiria uma proposta amigável com uma oferta de €56 265 milhões, que representa um prémio de 30% acima do valor de mercado da empresa adquirida a 29 Maio 2020. A oferta seria em dinheiro e ações, financiada por capital próprio e emissão de dívida. Unilever emitiria 242 milhões de novas ações. Espera-se que a aquisição proposta gere sinergias no valor de €13 967m e crie um valor capturado de €2 208 milhões para os acionistas da Unilever.Assunção, António Borges deVeritati - Repositório Institucional da Universidade Católica PortuguesaCarvalho, Ana Margarida Almeida2020-11-10T10:56:58Z2020-07-0120202020-07-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10400.14/31319TID:202517713enginfo: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:RCAAP2023-07-12T17:36:50Zoai:repositorio.ucp.pt:10400.14/31319Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:25:13.727365Repositório 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 |
The proposed acquisition of Danone by Unilever |
title |
The proposed acquisition of Danone by Unilever |
spellingShingle |
The proposed acquisition of Danone by Unilever Carvalho, Ana Margarida Almeida Mergers & Acquisitions Consumer goods Healthy food Fusões e Aquisições Bens de consumo Comida saudável Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
The proposed acquisition of Danone by Unilever |
title_full |
The proposed acquisition of Danone by Unilever |
title_fullStr |
The proposed acquisition of Danone by Unilever |
title_full_unstemmed |
The proposed acquisition of Danone by Unilever |
title_sort |
The proposed acquisition of Danone by Unilever |
author |
Carvalho, Ana Margarida Almeida |
author_facet |
Carvalho, Ana Margarida Almeida |
author_role |
author |
dc.contributor.none.fl_str_mv |
Assunção, António Borges de Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Carvalho, Ana Margarida Almeida |
dc.subject.por.fl_str_mv |
Mergers & Acquisitions Consumer goods Healthy food Fusões e Aquisições Bens de consumo Comida saudável Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Mergers & Acquisitions Consumer goods Healthy food Fusões e Aquisições Bens de consumo Comida saudável Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
The purpose of this dissertation is to propose an acquisition in the Consumer Goods Sector. This Sector has been consistently growing in the last years, and Investment Analysts forecast it as one of the fastest moving in the next years. The proposed companies are Unilever as acquirer and Danone as target. Danone is a unique opportunity for Unilever to acquire a company that has brands loved by million families across countries and a strong pathway for delivering long term sustainable value to the economy and environment. Unilever and Danone have an intrinsic value of €123 046million and €44 507million, respectively. The acquisition would follow a friendly takeover with a bid price of €56 265 million, which represents a 30% premium over the market capitalization of the target as of 29th May 2020. The offer would be 80% cash and 20% equity, financed by cash reserves and the issuance of debt. In term of shares, Unilever would need to issue 242million shares for the acquisition. It is expected that the proposed acquisition yield €13 967million in synergies and deliver €2 208 million value to acquirer shareholders. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-11-10T10:56:58Z 2020-07-01 2020 2020-07-01T00:00:00Z |
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/10400.14/31319 TID:202517713 |
url |
http://hdl.handle.net/10400.14/31319 |
identifier_str_mv |
TID:202517713 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
|
_version_ |
1799131966415568896 |