pf-mergersacquisitions-jun05

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Mergers andAcquisitions ContentsIntroductionSearch Terms and Call NumbersBooks

DatabasesWebsites

Introduction

Mergers refer to deals where two or more companies take almost equal stakes in each othersbusinesses, whereas an acquisition is the straightforward purchase of a target company. Theseactivities are commonly called Mergers & Acquisitions (M&As) collectively.

Mergers and acquisitions trigger large-scale changes that often cause chain reactions within abusiness sector as companies combine in the race to gain competitive advantage. Merger activitiesthroughout history have been related to long-term forces of change such as technological advancesand improvements in communications and transportation.

The APEC Report, "Cross-Border Mergers & Acquisitions: Case Studies of Korea, China and HongKong, China" notes that in the global economy, cross-border mergers and acquisitions have becomemore important than Greenfield investment in entering foreign economies, M&As currently account forover 80 percent of foreign direct investment by multinational corporations.

In the Asia-Pacific region, KPMG reports a slowdown of the M&A activities by 33 percent from the firsthalf of 2002 to 7,324 for the first half of 2003. Some reasons given for the economic uncertainties

were the war in Iraq, SARS and a significant reduction in announcing financially insecure deals.

Australia, Indonesia and South Korea have produced Asia's biggest M&A deals. According to marketdata provider Dealogic. Australia accounts for four of the 10 biggest mergers, and South Korea fortwo. China has just one transaction in the top 10. In Singapore, M&A activities leapfrogged by 88percent in 2004, or US$21.6 billion (S$35.55 billion) over the previous year. This is attributed toSingapores prime status as a financial hub as well as signs of economic recovery in the region.

This PathFinder serves as a guide to help you locate resources on mergers and acquisitions availableat National Library Board libraries as well as on the Internet.


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Search Terms and Call Numbers

For library materials, a corresponding call number is given for every search term. These call numbersare assigned based on the Dewey Decimal Classification system, which the Library uses tocategorise and shelf its books. You can use the search terms and call numbers listed below to locaterelated materials on our catalogue. The catalogue is available at all libraries and on the NLB DigitalLibrary ( http://www.nlb.gov.sg ).

Books

To help you begin your research on this topic, here are some recommended works that are availableat NLB libraries. For contact details and locations of the libraries, please visit http://www.nlb.gov.sg .

Title: Takeovers, restructuring and corporate governanceAuthors: Weston, J. F., Mitchell, M. L. and Mulherin, J. H.Publisher: Upper Saddle River, NJ: Pearson Prentice Hall, 2004Call number: RBUS 338.830973 WESDescription: Explains the role of the M&As and its arbitrage activities and shows how one

can improve their success rate in the business. Includes 136 case studiesand company examples have been added for analysis.

Title: Ultimate guide to buying or selling a businessAuthor: Nottonson, I.Publisher Irvine, CA: Entrepreneur Press, 2005Call number: RBUS 658.16 NOTDescription: Provides an overview of the buying/selling business while identifying the

concerns of all parties: buyer, seller, accountant, lawyer, broker and lenderto arrive at a successful negotiation. Forms, sample contracts andworksheets are included to offer clear explanations that clarify businesstransfer concepts.

Title: Successful mergers : Getting the people issues rightAuthor: Devine, M.Publisher: London: Economist in association with Profile, 2002Call number: RBUS 658.16 DEVDescription: States that companies give too much attention to facts and figures,

objectives and targets and not enough attention to employees during anorganisational upheaval. Explains strategies to ease the difficult, disruptive

Search Terms Call NumbersConsolidation and Merger of Corporations 338.83Consolidation and Merger of Corporations.Korea, South. Case Studies.

338.83095

Consolidation and Merger of Corporations.Laws and Legislation. Singapore 346.59570662

Sale of Small Business 658.16


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and unpredictable period for employees.

Title: Singapore code on takeovers and mergers : A comparative analysisAuthor: Rajah & TannPublisher: Singapore: CCH Asia, 2002Call number: RSING 346.59570662Description: Offers practical coverage on the principles and rules of the Revised

Singapore Code on Take-overs and Mergers, which came into effect on 1January 2002. Also traces the changes to each section of the Code andexplains the intent behind it.

Title: Cross-border mergers & acquisitions : Case studies of Korea, Chinaand Hong Kong, China

Author: Moon, H. C., Kim, H. K. and Lee, D. H.Publisher: Singapore: Asia-Pacific Economic Cooperation Secretariat, 2003Call number: RSING 338.83095 MOODescription: This report explores the impact of the cross-border M&As on host

economies of Korea, China and Hong Kong, China and also across theAPEC Region. It concludes that cross-border mergers and acquisitions offermore benefits than costs to the host economy.

Title: Cases in corporate acquisitions, buyouts, mergers & takeoversPublisher: Detroit, MI: Gale Group, 1999Call number: RBUS 338.83 CAS

Description: A collection of case studies on 293 high profile corporate acquisitions,buyouts, mergers, and takeovers from 1868 to early 2000. Entries arearranged alphabetically by corporations. This is useful for students doing in-depth research projects on companies undergoing changes.

Databases

Global Insight: World Markets Research Centre (WMRC) Global Insights Country Analysis spans 202 countries and includes Same-day Analysis, CountryReports, Special Reports, In-Focus, Global Data from IMF, Country Risk Rating, Sovereign RiskRatings, 7-year Historical Economic Data and Current-Year Economic Forecast Data on 43 set of datavariables. Available at all libraries.

A sample report:

Title: Mergers & Acquisitions: Purchases, Australia Description: Provides statistics of purchases concluded in Australia between 1999 to

2003. Also features 285 countries all over the world with projection figures upto 2015.


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FactivaAccess full-text articles from the archives of over 9000 news and information sources, including TheStraits Times, Business Times, New York Times and Wall Street Journal. Available at all libraries.

Keywords: mergers and acquisitions, takeovers

Title: Asia becoming hotbed for mega-dealsAuthor: Asmani, A.Date: 2005, April 11Source: The Straits TimesDescription: Reports that Asia is fast becoming a hot-bed for multimillion-dollar merger

and acquisition deals. Singapore, with its financial hub status, is in a primeposition to capitalise on the booming industry.

Title: Merger deals here nearly doubleAuthor: Poon, A.Date: 2004, December 12Source: The Straits TimesDescription: A Thomson Financial Survey reports that Singapores M&A activity leapt

ahead by 88 percent over last year and that Singapore operations boostedheadcount to 700 this year through graduate recruitment and other hiringchannels.

Title: 2 Singapore law firms in key M&A deals Author: Lee, S. S.Date: 2004, July 9Source: The Straits TimesDescription: Reports that two Singapore Law firms, Allen & Gledhill and Wong

Partnership were involved in advising merger and acquisition deals, worthUS$4 billion, in Asia.

ProQuest 5000 International ProQuest is a database of journal, magazine and newspaper articles. Subject coverage includesBusiness, Accounting, Applied Science and Technology, Banking, Health, Science, Computing,Education, Pharmaceuticals, Medicine, Religion and Social Science. Available at all libraries.

Keywords: mergers and acquisitions, takeovers

Title: China isn't only game in Asia; Profusion of big deals is testament torest of region's vitality

Author: Linebaugh, K.Date: 2005, May 12Source: Wall Street JournalDescription: Reports that Chinese computer maker, Lenovo Group Ltd. purchased

International Business Machines Corp.'s (IBM) personal-computer businesslate last year at US$1.25 billion.


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Title: ProLogis to buy rival for $3.6 billionAuthors: Berman, D. K. and Smith, R. A.Date: 2005, June 6Source: Wall Street JournalDescription: ProLogis, who owns and manages 2,000 industrial distribution centres in 75

markets throughout the world, buys fellow real-estate investment trust,Catellus Development Corp. As a cash and stock deal estimated at US$3.6billion, it will create the nations largest REIT focused on warehouse anddistribution properties.

Websites

The following websites contain useful information on this topic. Last accessed on 23 June 2005.

Title: MergerNetwork.comURL: http://www.mergernetwork.com/index.cfm Description: This database contains over 11,000 listings covering a variety of industries,

locations and sales levels. It offers search solutions for buyers that are alsouseful to small and large companies, private equity groups, business brokers,investment bankers, and individual buyers throughout the world. Free basicmembership registration is available.

Title: MergerStat

URL: http://www.mergerstat.com/new/indexnew.asp Description: Focuses on providing information on global mergers and acquisitionsinformation to the corporate financial market through various databases suchas LexisNexis, FactSet, Alacra and Hoovers. Valuation, trend analysis andresearch services on companies are also available after registration.

Title: World Capital Market URL: http://www.worldcapitalmarket.com/ Description: Provides assistance to those interested in expanding to Asia or USA in cross-

border RTO & IPO transactions, international project financing, M&A andother initiatives.

Title: International Mergers and AcquisitionsURL: http://www.ima-world.com/ Description: An international affiliation of professionals dedicated to providing a variety of

corporate services to private and public companies worldwide. Supportsclients through hotlines, Web sessions and name and logo protection.

Title: Ministry of Manpower (Singapore), Case study on the role of HR inmergers and acquisitions

URL: http://www.mom.gov.sg/MOM/LRD/Publications/1857_MandARevised.pdf

Description: Highlights the importance of HR's involvement during the pre- to the post-merger/acquisition phases and provides an account of the role of HR in the


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integration process which brings about better business synergy andcompetitive advantage. The case study features the experiences of fivecompanies: Ascendas Pte Ltd, Neptune Orient Lines, Keppel TatLee BankLtd, Raffles International Ltd and Singapore Exchange Ltd.

Title: Freshfields Bruckhaus Deringer, Guide to mergers and acquisitions inAsia

URL: http://www.altassets.com/pdfs/asia.pdf Description: After a sharp decline in 2002 and into the first half of 2003, M&A activities

across the region is now on the rise especially in China, Hong Kong andJapan. This guide provides practical information on the legal framework forM&A in 10 Asian countries.

Title: Lovells, Bank mergers and restructuring in AsiaURL: http://www.prac.org/newsletters/Restructuring.pdf Description: There has been a spate of mergers, acquisitions and major investments over

the past four to five years in Asia. This paper looks at the reasons for theincrease in bank mergers, the key issues for consideration and bankrecapitalisations in the wake of Asian financial crisis and the slowdown inexports sure to recessions affecting many of the major economies worldwide.

Title: Ministry of Trade and Industry (Singapore), Report of theEntrepreneurship and Internalisation Subcommittee, Economic ReviewCommittee

URL: http://www.mti.gov.sg/public/PDF/CMT/ERC_EISC_FinalReport2.pdf?sid=121&cid=1257 Description: This report highlights the Economic Review Committees recommendations to

strengthen the spirit of entrepreneurship in Singapore as well as to fostergrowth and internalisation of Singapore-based companies, includinggovernment-linked companies beyond the shores.

By Ambika Raghavan, Lee Kong Chian Reference LibraryFor further assistance, please ask the staff at the Information Counter or email us at [email protected]

National Library Board 2005 Disclaimer: The contents of this document include links to other sites. As a user, you acknowledge that NLB has no control over and makes no representationsof any kind, either express or implied with respect to the contents on these sites and that you waive any claim against us with respect to such sites.

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