Corporate Acquisitions and Mergers in Russia

Corporate Acquisitions and Mergers in Russia

Author: Andrei Dontsov

Publisher: Kluwer Law International B.V.

Published: 2020-09-22

Total Pages: 164

ISBN-13: 9403527641

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Derived from Kluwer’s multi-volume Corporate Acquisitions and Mergers, the largest and most detailed database of M&A know-how available anywhere in the world, this work by a highly experienced team from the leading international law firm White & Case provides a concise, practical analysis of current law and practice relating to mergers and acquisitions of public and private companies in Russia. The book offers a clear explanation of each step in the acquisition process from the perspectives of both the purchaser and the seller. Key areas covered include: structuring the transaction; due diligence; contractual protection; consideration; and the impact of applicable company, competition, tax, intellectual property, environmental and data protection law on the acquisition process. Corporate Acquisitions and Mergers is an invaluable guide for both legal practitioners and business executives seeking a comprehensive yet practical analysis of mergers and acquisitions in Russia. Equivalent analyses of M&A law and practice in some 50 other jurisdictions, all contributed by leading law firms, are accessible on-line at www.kluwerlawonline.com under Corporate Acquisitions and Mergers.


The Russian Market for Mergers and Acquisitions

The Russian Market for Mergers and Acquisitions

Author: Alexander Radygin

Publisher:

Published: 2013

Total Pages: 33

ISBN-13:

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The article deals with the key trends in the development of Russia's market of mergers and acquisitions in 2000s. The quantitative parameters are being analyzed on the basis of data bases for 2003-2008 which are in an open access. New tendencies due to 2008 financial crisis are also considered. The author focuses on the proactive role of the state on the corporate control market. Special consideration was given to the issues of the development of Russia's legal norms system which regulate the market of mergers and acquisitions.


Corporate Control Market

Corporate Control Market

Author: Elena Apevalova

Publisher:

Published: 2017

Total Pages: 36

ISBN-13:

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Russia's market for mergers and acquisitions came into being in the early 1990s when mass privatization of state-owned property gained momentum. More specifically, it was not until after the Russian financial crisis of 1998 that mergers and friendly takeovers took place in Russia. Up until then there were 'acquisitions through privatization' that can be regarded as a primary manifestation of the initial stage of building a market for corporate control (from 1992 till the onset of the financial crisis of 1998). Reorganization proceeded privatization in 1/3 of cases, was coupled with privatization in 1/3 of cases and followed privatization in 1/3 of cases. Also, the practice of consolidating Russian assets through both M&A and outsider shareholding was adopted in the mid-1990s. In 1998, the equity of about 40% of surveyed enterprises was partially held by outside corporate shareholders, and more than 13% of those enterprises were integrated with suppliers or consumers.


Corporate Acquisitions and Mergers in Romania

Corporate Acquisitions and Mergers in Romania

Author: Kinstellar Sparl

Publisher: Kluwer Law International B.V.

Published: 2017-07-20

Total Pages: 189

ISBN-13: 904119259X

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Derived from Kluwer’s multivolume Corporate Acquisitions and Mergers,the largest and most detailed database of M&A knowhow available anywhere in the world, this work by highly experienced partners in the leading international law firm White & Case LLC provides a concise, practical analysis of current law and practice relating to mergers and acquisitions of public and private companies in Russia. The book offers a clear explanation of each step in the acquisition process from the perspectives of both the purchaser and the seller. Key areas covered include: structuring the transaction; due diligence; contractual protection; consideration; and the impact of applicable company, competition, tax, intellectual property, environmental and data protection law on the acquisition process. Corporate Acquisitions and Mergersis an invaluable guide for both legal practitioners and business executives seeking a comprehensive yet practical analysis of mergers and acquisitions in Russia. Equivalent analyses of M&A law and practice in some 50 other jurisdictions, all contributed by leading law firms, are accessible online at www.kluwerlawonline.com. under Corporate Acquisitions and Mergers.


Advances in Mergers and Acquisitions

Advances in Mergers and Acquisitions

Author: Sydney Finkelstein

Publisher: Emerald Group Publishing

Published: 2020-11-30

Total Pages: 200

ISBN-13: 1839823283

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This volume explores a range of issues that include: mergers waves, roll-up acquisitions, hostile takeovers, M&A experience, and decision-making, corporate governance, and innovation in mergers and acquisitions.


Cross-Border M and As in the Russian Market

Cross-Border M and As in the Russian Market

Author: Daria Patrakeeva

Publisher: LAP Lambert Academic Publishing

Published: 2011-02

Total Pages: 92

ISBN-13: 9783844303124

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The Russian market of cross-border mergers and acquisitions did not receive enough attention in research. Due to lack of studies on this growing market the current work aims to examine the performance of foreign companies acquiring Russian targets in the period of 1994-2009. A sample of 96 transactions was investigated to determine wealth created for bidding companies. Foreign acquirers show positive and statistically significant returns for several event windows. Thus, on average, the results support the argument that cross-border acquisitions in the Russian market create value for acquiring companies. The examination of factors that might influence the performance of bidding companies is also part of this research. The results show that acquirer size and previous acquisition experience have significant negative effect on value created in cross-border acquisitions, while acquirer profitability show a positive significant impact on the stock reaction to the announcement of M&A deals. This book should be particularly useful to professionals working in the field of M&As in the Russian market, students of Business studies, and anyone else interested in this topic.


The Anchoring Effect in Mergers and Acquisitions

The Anchoring Effect in Mergers and Acquisitions

Author: Anastasia Stepanova

Publisher:

Published: 2018

Total Pages: 35

ISBN-13:

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This article examines the presence of the reference price effect in mergers and acquisitions in Russia, which can act as a distortion in investor perception of the influence a deal has on a company. In this study we use the Russian market as a laboratory for the investigation of behavioral effects in a relatively inefficient market. We find a relationship between the acquirer's announcement period return and the proximity of its pre-announcement share price to the 52-week high. The 52-week high serves as a salient anchor even though it is economically irrelevant for valuation purposes. This effect appears to be stronger for deals associated with higher levels of uncertainty. The findings confirm the presence of the anchoring bias in evaluating the effect of a merger or acquisition announcement by Russian investors. We demonstrate a significant anchoring effect even for deals with a blocking (>10%) or a controlling stake (>25%) in an emerging market with a highly concentrated ownership.


Strategic Alliances, Mergers and Acquisitions

Strategic Alliances, Mergers and Acquisitions

Author: J. M. Ulijn

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 305

ISBN-13: 184980561X

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Organizational flirts and marriages alliances, mergers and acquisitions are dramatic examples of how soft cultures can produce hard facts of success or failure. Decisions born from human vanity can lead to destruction of human capital. The chapters selected by Ulijn, Duysters and Meijer illustrate the many facets of organizational family life for the scholar and, hopefully, for the decision-maker who considers another move. Geert Hofstede, author of Culture s Consequences This unique book focuses on the link between different types of culture (national, corporate, professional) and the success of strategic alliances, mergers and acquisitions. Over the past decades we have seen a significant increase in the number of strategic alliances, mergers and acquisitions. Despite this proliferation many recent studies have reported high failure rates. This failure is often attributed to cultural differences between partners, which has led to a growing body of literature on the subject. To date, most of these studies have focused on national and corporate culture, whereas this book also places particular emphasis on the importance of culture at the professional level. The authors clearly show that all three levels of culture may have a profound impact upon the ultimate success or failure of alliances, mergers and acquisitions. Researchers in the field of international business, strategic management, and strategic alliances, mergers and acquisitions will find this book to be of invaluable interest. Managers in multinational corporations and international business students should also not be without this important resource.


Health Care Mergers and Acquisitions Answer Book

Health Care Mergers and Acquisitions Answer Book

Author: Andrew L. Bab

Publisher:

Published: 2016-10-07

Total Pages: 0

ISBN-13: 9781402426322

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M&A activity in the health care industry is at its highest level since the 1980s. Organized into four parts, this guide includes practical advice on how to address the various industry-specific issues arising in health care acquisitions.