并购整合估价.pdf

Valuation Valuation as a Tool ➢ We encounter valuation in many situations: ➢Mergers Acquisitions ➢Leveraged Buy-outs (LBOs MBOs) ➢Sell-offs, spin-offs, divestitures ➢Investors buying a minority interest in company ➢Initial public offerings ➢ How do we estab