Mergers and Acquisitions in Tea Industry

16715 Words Apr 12th, 2012 67 Pages
MERGERS AND ACQUISITIONS IN TEA INDUSTRY: A CASE STUDY
A Dissertation submitted in partial fulfillment of the requirements for the Degree of Masters in Finance and Investment at the University of Nottingham September 2007.

BY SHASHANK AGARWAL
STUDENT ID: 4055919

ACKNOWLEDGEMENT

I would like to thank everyone who helped me in the compiling of my dissertation, from initial research to final documentation. I specially want to thank Ms. Kuasirinikan Nongnooch who

supervised this study and gave valuable feedback and advice throughout. Her assistance is greatly appreciated.

Further thanks to my parents and my family for their unlimited support during my study in U.K.

2

ABSTRACT

This dissertation is aimed at finding
…show more content…
42 6.3. THE HISTORY OF TATA TEA’S MERGER AND ACQUISITION DEALS ... 43 6.4. BLENDING WITH PERFECTION ...................................................................... 45 6.5. THE CHALLENGES............................................................................................. 47 6.6. FLAVOUR OF SYNERGIES................................................................................ 49 6.7. GLOBAL SCENARIO .......................................................................................... 55 6.8. FINANCIAL ANALYSIS OF TATA-TEA PRE-ACQUISITION ....................... 61 6.9. LEVERAGED BUY-OUT..................................................................................... 65

7. CONSEQUENCES OF TATA TEA’S ACQUISITIONS OF TETLEY ....................................................................................... 67
7.1. NET SALES REVENUE ....................................................................................... 67 7.2. POST-MERGER FINANCIAL PERFORMANCE............................................... 69

8. CONCLUSION ........................................................................ 73 REFERENCES ............................................................................. 76

5

1. INTRODUCTION

Earlier, after a pitched battle among the MNC 's in the domestic arena, not many Indian tea manufacturing companies thought of going global. Devour competitors and destroy competition - the mantra that the global

More about Mergers and Acquisitions in Tea Industry

Open Document