Efektywność fuzji i przejęć a wybór metody opłacania transakcji konsolidacyjnej

Abstract

Choosing the way of financing merger or acquisition, company can plan its further financial situation and possible influence of managing the consolidated entity. There is another problem besides the financing decision during every consolidation: how to pay for a taken over company. There are many ways to do it. The most taken advantage of them are presented in this paper. Decision which of them should be used depends on one situation: hostility of consolidation. During friendly merger all participants can adjust payment method to best conditions for all of them. When the company plans to take over another in hostile way, all necessary assets have to be accumulated proper attack. This paper tries to describe which of presented payment methods are advisable in specific consolidation situation.