Royal Clark Takeover Case Study Summary

The emergency rescue of the Royal Bank of Scotland in 2008 has cost the UK government thus the British taxpayer a huge amount of money. Many people are upset about the high bonuses the RBS management board have received, both because of the outrageously high amount and because the performance of the bank on the long-term was not good at all.

BB&T Corporation (NYSE: BBT), headquartered in Winston-Salem, N.C., has many similarities to Atlanta’s SunTrust Banks. Besides both banks being headquartered in the South, BB&T is similar in size with $174.8 billion in assets and approximately 1,800 financial centers. BB&T also operates within a similar footprint and

The conflict arise and the management felt the pressure because Eagleeye and the investors threatened them that they will sell all of their shares and large institutional will left the bank. The reason is they do not want the firm to spend too much financial capital into the growth plan. Their purpose for the bank is to become an ideal target for other companies to acquire so they can earn the profit from selling the bank.

Paulson E. (2001). “Inside Cisco: The real story of sustained M&A growth”, John Wiley & Sons, Inc.

EDS acquired “one of the world’s largest and most respected global management consulting firms” (pg 524). This is on A.T. Kearney’s website “ A.T. Kearney is a global team of forward-thinking, collaborative partners that delivers immediate, meaningful results and a long-term transformational advantage to our clients and colleagues. Since 1926, we have been trusted advisors on CEO-agenda issues to the world’s leading organizations across all major industries and sectors.” http://www.atkearney.com. It would be an epic failure for both companies if EDS and A. T. Kearney could not make this merger work.

We wanted to do this deal, and that meant doing more than sitting on our hands waiting for Bob to pull together the rest of the money. We held ourselves up as “value-added investors” and this was our opportunity to show that we meant it. Wagner and other “Walnuters” contacted several New England area VC firms who they believed might have an appetite for an investment in RBS. Based on the appeal of RBS’s business and the Walnut recommendation, 3 or 4 firms initiated serious due diligence efforts. But, these efforts came to naught. Wagner explained: Each of the venture firms decided that the market was small

Some high-profile takeover targets share price for the steep discount, they signed the agreement price, showing cracks that may be lurking in the current trading boom. Such as Take Office Depot Inc. The company’s stock trades 29% below the price Staples Inc. agreed in February to pay for its smaller rival. I believe the growing number of investors worried about antitrust regulators will block an agreement, combined with the country's two largest office supplies chain. Cigna Corp.’s stock is 22% below the value of Anthem Inc.’s $48 billion offer, while oil-field-services provider Baker Hughes Inc. trades 17% cheaper than the price of its pending $35 billion sale to Halliburton Co.

1. At the start of the 21st century, RBC was Canada’s leading bank and largest bank in terms of assets and market capitalization. It was a full-service bank with five main lines of business: personal and commercial banking, insurance, wealth management, corporate / investment banking, and transaction processing. The commercial bank of RBC (Royal Bank) accounted for nearly 50% of the company’s net income and had an extensive delivery network with branches, Automated Banking Machines (ABM’s), point of sale terminals, mobile sales staff, and 1.4 million online banking customers and 2 million phone customers. The bank also had an extremely strong international network.

• Governance and oversight: Assessing business model and strategy changes and reinforcing the importance of sound corporate governance appropriate for the size and complexity of the individual bank. A specific focus will be on determining the adequacy of strategic, capital, and succession planning. Examiners will assess whether the plan is appropriate in light of the risks in new products or services. If applicable, examiners will assess the bank’s merger and acquisition processes and procedures.

Looking at Exhibit 11, which is a summary of comparable transactions by business segment, the offer for Interco once again fails to persuade. Looking at the average purchase price multiples of comparable transactions (refer to appendix B), it is apparent that the Rales proposal multiples are invariably lower than the industry averages. It would be in Interco's interests to divest and realize the higher earnings themselves, rather than allowing City Capital to take over at such a low offer.

In January 1996, negotiations were coming to the end for a private equity investment by Big Sur Capital Management to buy a 90 percent equity interest for $46 million in RMAG. The proceeds of the sale would be used to finance the growth of RMAG. Big Sur's saw a highly promising, but a highly risky investment opportunity. Kim McGraw, a managing director with Big

Synopsis: Dow is acquiring Rohm and Haas from Ingersoll-Rand at an agreed price per share of $78. However, a deal with Kuwait’s Petrochemical Industries Company, which was supposed to generate $7 billion of cash to be used to finance the acquisition, had recently fell-through. The hiccup has led to Rohm taking legal action to force Dow to complete the acquisition as required by the merger agreement. The standalone value of Rohm’s share price is currently at $46.77 while the synergies could almost double that to $94.63 per share. By going ahead with the deal Dow would need to raise capital and that might lead to a lower bond rating.

The official separation was listed on the New York stock exchange at the beginning of 2013. AbbVie is direct by Richard A. Gonzalez, former President and Chief Operating Officer at Abbott.

On the other hand, ABN AMRO bank has a presence in 76 countries and territories. Using its worldwide network the bank provides universal banking services consisting of commercial and investment banking products to corporate nationally and internationally operating clients as well as personal and private banking customers. In 2007, Barclays announced the proposed acquisition of ABN AMRO bank, in order to expanded their distribution base. The deal was valued at €67 billion. On October, the RFS consortium led by Royal Bank of Scotland, bidding for control of ABN AMRO, formally declared victory after shareholders, representing 86 percent of the Dutch bank’s shares, accepted the RFS group’s €70bn offer.

Baosteel and Posco : Each company agreedto invest US125 million to acquire a stake in the other, with this stake being less than 0,5 %