Category: Harvard

You work for a company called HMV, a music retail chain in the UK. Read the case study below and identify the main points. Create a set of up to six presentation slides that summarise these main points to send to one of your senior colleagues who is new to the company.

You will not be required to speak, so these slides need to contain all the key information from the case study and need to be written clearly so that your colleague can understand it.

The total number of words in your entire presentation should be between 150 and 200 words. This word count is NOT per slide. The usual allowance of 10 per cent above or below the word limit does not apply to this TMA.

You will also need to produce a title slide, and a final slide showing a full reference for the case study, source information for any images used, and the word count. These title and reference slides do not contribute to either the slide count or the word count.

This is a literature review chapter for PhD thesis, that needs to add more paragraphs with the latest research to the attached file. Also, it needs to add a conceptual framework, theoretical framework, some paragraphs for culture and religion, and to add some tables and charts to support the arguments.

the file at the end should be around 15.000 words in total without references (that already in the file and what are you going to add).

Acquisition deal of Amazon and Whole foods

Relevant data can be collected from reliable sources such as Financial Times, Yahoo! Finance, FAME and firms annual reports.

PART A: Company Overview
Provide a brief but comprehensive profile overview of the acquiring and target firms at the time of the acquisition announcement. Identify the firms position in their industry and their key strengths and weaknesses relative to their main competitors before the completion of the deal.
PART B: Motives and Strategic Reasons
Describe the type of the deal (related/unrelated, vertical, horizontal etc.) and the strategic reasons provided by the acquiring firm for the proposed transaction. Critically evaluate the latter in relation to the potential synergies at the time of the acquisition announcement. Can these synergies justify the deal premium paid?
PART C: Method of Payment
Discuss the way the deal was financed. Was the initial proposal accepted by the target firm or did the acquirer have to submit an improved offer? How the method of payment used in this case would affect the perception of the targets shareholders for the deal? Support your arguments with references to relevant literature findings.   
For Part D and E an excel sheet should be used to show the calculations. Please also label your variables clearly (i.e., try to avoid using short-forms/symbols/signs or if short-forms/symbols/signs are used, a key table explaining the short forms/symbols/signs is provided) and carefully so that the Excel spreadsheet is easy to follow.
PART D: Announcement Returns

1.    Estimate the market reaction to the acquisition announcement calculating the cumulative abnormal return (CAR) to acquiring shareholders over a 3-day announcement window [CAR(-1,+1)] using the market model. Note: -1 is the date preceding the acquisition announcement, 0 is the acquisition announcement date and +1 is the date following the acquisition announcement. The estimation period for the market model should be from 200 to 60 trading days preceding the acquisition announcement date.           

2.    How can the market reaction to the acquisition announcement be justified? Critically evaluate your findings in part D1 with relation to those factors that previous studies have shown that can affect the markets perception of the quality of the deal.   

PART E: Long-Run Performance

1.    Estimate the 2-year post-acquisition financial and operating performance of the deal. Financial performance should be based on the Abnormal Buy-and-Hold Return (ABHR) model using a matched (control) firm. The control firm should be matched by industry, size (market capitalization) and book-to-market ratio at the time of the deal. Operating performance should be measured by the industry-adjusted change in ROA.                       

2.    Critically discuss your findings in part E1 with relation to relevant literature findings and by taking into account potential challenges in the integration process (e.g. did everything go according to plan or is there anything that should have been done differently?). Were the synergies identified in Part B realized?

Relevant data can be collected from reliable sources such as Financial Times, Yahoo! Finance, FAME and firms annual reports.

PART A: Company Overview
Provide a brief but comprehensive profile overview of the acquiring and target firms at the time of the acquisition announcement. Identify the firms position in their industry and their key strengths and weaknesses relative to their main competitors before the completion of the deal.

PART B: Motives and Strategic Reasons
Describe the type of the deal (related/unrelated, vertical, horizontal etc.) and the strategic reasons provided by the acquiring firm for the proposed transaction. Critically evaluate the latter in relation to the potential synergies at the time of the acquisition announcement. Can these synergies justify the deal premium paid?

PART C: Method of Payment
Discuss the way the deal was financed. Was the initial proposal accepted by the target firm or did the acquirer have to submit an improved offer? How the method of payment used in this case would affect the perception of the targets shareholders for the deal? Support your arguments with references to relevant literature findings.   

For Part D and E an excel sheet should be used to show the calculations. Please also label your variables clearly (i.e., try to avoid using short-forms/symbols/signs or if short-forms/symbols/signs are used, a key table explaining the short forms/symbols/signs is provided) and carefully so that the Excel spreadsheet is easy to follow.
PART D: Announcement Returns

1.    Estimate the market reaction to the acquisition announcement calculating the cumulative abnormal return (CAR) to acquiring shareholders over a 3-day announcement window [CAR(-1,+1)] using the market model. Note: -1 is the date preceding the acquisition announcement, 0 is the acquisition announcement date and +1 is the date following the acquisition announcement. The estimation period for the market model should be from 200 to 60 trading days preceding the acquisition announcement date.           

2.    How can the market reaction to the acquisition announcement be justified? Critically evaluate your findings in part D1 with relation to those factors that previous studies have shown that can affect the markets perception of the quality of the deal.   

PART E: Long-Run Performance

1.    Estimate the 2-year post-acquisition financial and operating performance of the deal. Financial performance should be based on the Abnormal Buy-and-Hold Return (ABHR) model using a matched (control) firm. The control firm should be matched by industry, size (market capitalization) and book-to-market ratio at the time of the deal. Operating performance should be measured by the industry-adjusted change in ROA.                       

2.    Critically discuss your findings in part E1 with relation to relevant literature findings and by taking into account potential challenges in the integration process (e.g. did everything go according to plan or is there anything that should have been done differently?). Were the synergies identified in Part B realized?