on Orders of $25 or more*
|Get your books quickly and easily... and pay nothing for shipping. Just order $25 or more and standard shipping is on us (excludes Marketplace and Rental offerings).|
|$3.99 flat rate|
|UPS 2nd Day Air*||$11.99 flat rate|
|UPS Next Day Air*||$19.98 flat rate|
* Not available for PO boxes and APO/FPO
** Saturday delivery is only available in certain areas. UPS standard rates apply.
*** Separate shipping rates apply for bulk orders
Summary: This important casebook provides an accessible presentation of case studies involving corporate mergers and acquisitions. It is a complete, yet concise, text that synthesizes recent available literature on takeovers, mergers, restructuring, and corporate governance within a logical, analytical structure providing readers with insights and understanding of the rationale for the adjustments firms are making. Case studies include: Ingersol Rand/Clark Equipment; Wolters ...show moreKluwer/CCH; AOL/Time Warner; Dow/Union Carbide; Daimler/Chrysler. Viacom/CBS and AT&T Restructuring. For business professionals such as CEO's presidents, chairpersons, as well as professionals in research, legal, manufacturing and marketing capacities. ...show lessEdition/Copyright: 02
Fundamental change forces have impacted the world economy in recent decades. The pace of technological change has accelerated. The costs of communication and transportation have been so greatly reduced that markets have become global. While opportunities have expanded, the forms, sources, and intensity of competition have also grown.
The strong, new change forces have had major impacts. The technological requirements for firms have increased. As the roles of computers and the Internet have expanded, every firm has been impacted by increased requirements for information technology systems. The requirements for human capital inputs have grown relative to physical assets. The knowledge and organizational capital components of firm value have increased. Growth opportunities among product areas are unequal. New industries have been created. The pace of product introductions has accelerated. Economic activity has shifted from manufacturing to services of increasing sophistication. Distribution and marketing methods have changed, particularly by the impacts of the Internet. The value chain has deconstructed in the sense that more activities are performed by specialist firms. Forces for vertical integration have diminished in some areas, but increased in others. Changes in the organization of industries have taken place. Industry boundaries have become increasingly blurred. The forms and number of competitors have been increasing.
These new change forces have interacted with traditional ones. In an enterprise system with many independent decision units, attractive growth areas stimulate multiple firms and expanding investments. Growth and profitability areas expand and decline. Investments in plant and equipment and inventories result in over capacity and economic adjustment periods. Business fluctuations of varying lengths and severity affect all the nations of the world economy. Financial markets continue to experience overshoots both on the upside and the downside.
The traditional models in both microeconomics and finance have been timeless or static in their orientation. But with the increased pace of change and economic turbulence, the adjustment processes that firms are required to continuously engage in need to be studied and their implications analyzed. This casebook seeks to focus on the adjustment processes of firms in increasingly dynamic environments. The cases in this compilation include firms that have succeeded and those that have floundered in the new environment. The content of the cases overlap the traditional areas of micro-economics, business finance, mergers and takeovers, restructuring, and corporate governance. The title, Dynamic Finance, seeks to encompass multiple areas. A convergence of disciplines is emerging.
This casebook seeks to develop material that will illuminate general concepts and principles. The cases are of unequal lengths depending on the subject matter. The longer cases lend themselves to the use of role-playing in which teams can represent different points of view and interest groups. Most of the cases involve actual companies so can be continuously updated for analysis and discussions. We find it useful to obtain multiple analyst reports with their outlook discussion to add new issues and different orientations for further discussion and analysis.
We plan to continue to add new cases as more companies adjust to the changing environment. They will be available in the Pearson Business Resources Case Series and periodically in compilations. (Please view information on this program at www.pearsoncustom.com). The availability of individual cases will enable users to select different compilations.
Since this will be a continuing activity, any comments or suggestions will be welcomed. Please send them to the corresponding author at:
J. Fred Weston
The Anderson School at UCLA
258 Tavistock Ave.
Los Angeles, CA 90049-3229
Tel. (310) 472-5110
Fax. (310) 472-9471
Web site: http://www.anderson. ucla.edu/faculty/john.weston
Weston, J. Fred : University of California, Los Angleles
J. Fred Weston is Professor Emeritus Recalled of Managerial Economics and Finance at the John E. Anderson Graduate School of Management at UCLA. He received his Ph.D. degree from the University of Chicago in 1948. He has published 31 books, 147 journal articles, and chaired 32 doctoral dissertations. Since 1968 he has been Director of the UCLA Research Program on Takeovers and Restructuring.
Dr. Weston has served as President of the American Finance Association, President of the Western Economic Association, President of the Financial Management Association, and as a member of the American Economic Association U.S. Census Advisory Committee. In 1978, he was selected as one of five outstanding teachers on the UCLA campus. In 1994, he received the Dean's Award for Outstanding Instruction in the Anderson School at UCLA. He has been an associate editor on a number of journals. He has been selected as a Fellow of the American Finance Association, of the Financial Management Association, and of the National Association of Business Economists.
He has been a consultant to business firms and governments on financial and economic policies since the early 1950's. Professor Weston has held professional consulting assignments with Bank of America, Lockheed, Transmerica, Boeing, Hughes Aircraft, Crocker Bank, Reading Railroad, Litton, General Electric, Westinghouse, Quaker Oats, Sun Harbor Tuna, Eli Lilly Co., Hoffman-LaRoche, 3M Company, General Motors, GAO, IRS, U.S. Department of Commerce-Bureau of the Census, Shoenfeld Industries, Chevron, and Morgan Stanley & Co.
1. Ingersol Rand/Clark Equipment.
2. Wolters Kluwer/CCH.
4. Staples/Office Depot.
6. AOL/Time Warner (A).
7. Compaq/Digital (DEC).
10. Clark Equipment/Club Car.
11. Defense Industry.
12. Glaxo/Welcome/SmithKline Beecham.
13. Dow/Union Carbide.
14. Fashion, Inc.
18. AOL/Time Warner (B).
19. Scott Sunbeam.
20. GM/Toyota Joint Venture.
23. Tribune/Times Mirror.
24. AT&T Restructuring.
Get Free Shipping on orders over $25 (not including Rental and Marketplace). Order arrives in 5-10 business days.
Need it faster?
We offer fast, flat-rate expedited shipping options.
|Sell it back by:|
|Guaranteed cash back:|
|Cost of this book|
after cash back:
Take advantage of Guaranteed Cash Back. Send your book to us in good condition before the end of the buyback period, we'll send YOU a check, and you'll pay less for your textbooks!
When you're done with this book, sell it back to Textbooks.com. In addition to the the best possible buyback price, you'll get an extra 10% cash back just for being a customer.
We buy good-condition used textbooks year 'round, 24/7. No matter where you bought it, Textbooks.com will buy your textbooks for the most cash.
Being online is not required for reading an eTextbook after successfully downloading it. You must only be connected to the Internet during the download process.
What is the Marketplace?
It's another way for you to get the right price on the books you need. We approved every Marketplace vendor to sell their books on Textbooks.com, so you know they're all reliable.
What are Marketplace shipping options?
Marketplace items do not qualify for free shipping. When ordering from the Marketplace, please specify whether you want the seller to send your book Standard ($3.99/item) or Express ($6.99/item). To get free shipping over $25, just order directly from Textbooks.com instead of through the Marketplace.
FREE UPS 2nd Day Air TermsRental and Marketplace items are excluded. Offer is valid from 1/21/2013 12:00PM to 1/23/2013 11:59AM CST. Your order must be placed by 12 Noon CST to be processed on the same day. Minimum order value is $100.00 excluding Rental and Marketplace items. To redeem this offer, select "FREE UPS 2ND DAY AIR" at checkout. Offer not is not valid on previous orders.