Mergers and Acquisitions Basics
Chapter One
Introduction
M&A, deals, buyouts, LBOs, MBOs, private equity, venture capital,
corporate development, and a myriad of other terms are used to
describe large transactions that fundamentally change the nature or course,
and control, of a company. While there are many differences among these
different types of deals, a common thread runs through all of them. They
are all Strategic Transactions that involve a change or shift in control of a
company and usually a corresponding shift in strategic direction.
There are many different types of transactions done by a company
during its life cycle. Companies execute agreements with suppliers, customers,
partners, regulators, and financiers almost constantly. A lawyer
would argue that running a business is really a long series of contractual
obligations, entered into, complied with, and terminated. At any given time,
most companies are entering into new agreements and consummating new
transactions on a daily, even hourly, basis.
Strategic Tra ... read full excerpt from Mergers and Acquisitions Basics: The Key Steps of Acquisitions, Divestitures, and Investments ebook
