LEADER 03844nam 2200469 450 001 9910817714803321 005 20200108014317.0 010 $a1-118-23638-6 010 $a1-118-22243-1 010 $a1-119-26150-3 035 $a(CKB)4330000000009758 035 $a(MiAaPQ)EBC5328417 035 $a(CaSebORM)9781118066898 035 $a(EXLCZ)994330000000009758 100 $a20180414h20182018 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aMaterial adverse change $elessons from failed M&As /$fRobert V. Stefanowski 205 $a1st edition 210 1$aHoboken, New Jersey :$cWiley,$d2018. 210 4$dİ2018 215 $a1 online resource (215 pages) 225 1 $aWiley finance series 300 $aDate of publication from resource description page. 311 $a1-118-06689-8 320 $aIncludes bibliographical references at the end of each chapters and index. 327 $aWhy bad deals happen -- Buy or build? -- Let the buyer beware -- The opportunities and risks of expanding your business globally -- Culture is critical -- Who is behind the curtain? -- Is it too late to back out? -- How to negotiate a better deal -- Making it right -- Where do we go from here? 330 $aBoost M&A outcomes with less risk by learning from mistakes of the past Material Adverse Change will help you close more successful mergers and acquisitions by analyzing the common root causes of deal failures from before the Great Recession to today. The time between signing and closing a deal is a particularly risky period where the buyer has committed to purchase the company, but the seller continues to operate it while waiting for regulatory approval or funding to close out the deal. A Material Adverse Change clause allows the buyer to back out of the transaction if certain adverse events occur during this period. By designing this safety net into the contract, you?re free to take the time to examine records, meet with employees, and fully understand the legal issues at hand. If the target loses value during that time, in certain cases, you?re free to walk away. This book explores the full power of the Material Adverse Change clause, and today?s M&A in general. You?ll dig into the real causes of M&A failure, and discover the traits and practices that lead to poor results as you learn how to avoid these common mistakes and drive more successful deals. Recent case studies highlight common mistakes made?and propagated?by otherwise intelligent people, so you can identify and eliminate these practices within your own organization. A large acquisition is already a delicate balancing act. Why complicate it with the exponential risk by not doing your homework? This book shows you how to apply best practices to increase your chances of successful deals and avoid potentially career ending mistakes. Explore the true root causes of M&A failures of the past Analyze the personality traits that drive suboptimal outcomes Implement new practices to avoid mistakes and close successful deals Learn why common-sense errors are repeated over and over again The M&A market has grown to become a major factor in the global economy, yet many buyers do less investigation than consumers making everyday purchases. Material Adverse Change shows you how to slash risk and improve your chances of completing better deals. 606 $aConsolidation and merger of corporations$zUnited States 615 0$aConsolidation and merger of corporations 676 $a658.1620973 700 $aStefanowski$b Robert$01598572 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910817714803321 996 $aMaterial adverse change$93920885 997 $aUNINA