000 investors, managers, and investment organizations & groups in Vietnam or overseas
Main parts:
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Part 1: Vietnam’s investment market sponsors
Part 2: Global M & A market
Part 3: Vietnam and M&A– Varieties of Mergers
Part 4: M & A opportunities
Indian businesses look for Vietnam market info Chinese groups plan to invest in Thai
Indian businesses have expressed interest in investing in Nguyen
Vietnam for the market’s “political stability, high economic Three major corporations from China are
growth, healthy investment climate and numerous stimuli.” planning to pour around 2 billion USD into
Vietnam’s northern Thai Nguyen to turn it into an
The viewpoint was shared by a majority of executives from 50 eco-industrial city, said a local official.
Indian businesses at a workshop on trade with Vietnam held in Thai Nguyen’s Planning and Investment
Mumbai province, India, on July 29. They also said they Department Director Nguyen Duc Minh said local
wanted to be better informed of the Vietnamese economy. authorities recently signed a memorandum of
Vietnamese General Consul Nguyen Viet Hung in India’s understanding on the project with
Mumbai province pledged great assistance and favourable representatives of China ’s Shan Shan, Sun Khun
conditions for Indian businesses to make profits in Vietnam. and Honghui groups.
Trade revenues between Vietnam and India reached 1.54 The Chinese investors pledged to submit the
billion USD in 2007 against 1.02 billion USD in 2006.--Enditem project feasibility study to the province for
consideration by October at the earliest…
(Sources: VNA) (Sources:VNA)
Value
Target Acquirer
$M
Genentech Inc (USA) Roche Holding AG (CHE) 43,655.4
LS Power Equity Partners and Global
TransAlta Corp (CAN) 7,015.6
Infrastructure Partners (USA)
Tokio Marine & Nichido Fire Insurance Co
Philadelphia Consolidated Holding Corp (USA) 4,392.7
Ltd (JPN)
Brocade Communications Systems Inc
Foundry Networks Inc (USA) 2,807.9
(USA)
FoodVest Ltd (GBR) Lion Capital LLP (GBR) 2,190.5
North American laundry business of Unilever NV (USA) Vestar Capital Partners Inc (USA) 1,450.0
Properties in Eastern and San Juan Regions and Marcellus
XTO Energy Inc (USA) 1,300.0
Fayetteville Barnett and Haynesville Shales (USA)
Bertolli olive oil and vinegar business (ITA) Sos Cuetara SA (ESP) 998.4
Vital Signs Inc (USA) General Electric Co (USA) 990.4
Aurelian Resources Inc (CAN) Kinross Gold Corp (CAN) 915.8
(Source: Reuters)
From the perspective of business structures, there is a whole host of different mergers. Here are a few types,
distinguished by the relationship between the two companies that are merging:
Horizontal merger - Two companies that are in direct competition and share the same product lines and markets.
Vertical merger - A customer and company or a supplier and company. Think of a cone supplier merging with an
ice cream maker.
Market-extension merger - Two companies that sell the same products in different markets.
Product-extension merger - Two companies selling different but related products in the same market.
There are two types of mergers that are distinguished by how the merger is financed. Each has certain
implications for the companies involved and for investors:
Purchase Mergers - As the name suggests, this kind of merger occurs when one company purchases another.
The purchase is made with cash or through the issue of some kind of debt instrument; the sale is taxable.
Acquiring companies often prefer this type of merger because it can provide them with a tax benefit. Acquired
assets can be written-up to the actual purchase price, and the difference between the book value and
the purchase price of the assets can depreciate annually, reducing taxes payable by the acquiring company. We
will discuss this further in part four of this tutorial.
Consolidation Mergers - With this merger, a brand new company is formed and both companies are bought and
combined under the new entity. The tax terms are the same as those of a purchase merger.
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Location Ha Tinh
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