Mergers that hit the rocks

Article Abstract:

Mergers can allow value creation by strengthening the competitive position of companies and permitting cost savings, but they can also lead to destruction of stockholder value. A survey of deals with European acquirers, carried out by JP Morgan, indicates that only 56% of deals lead to value creation, which is more likely to occur if the companies involved operate in the same industry. Bid premiums may be very high, to the benefit of stockholders in target companies. Medium-sized acquisitions tend to create more value than very large transactions.

Europe, Acquisitions & Mergers Analysis, Mergers, acquisitions and divestments, Acquisitions and mergers, Surveys, Financial analysis, J.P. Morgan and Company Inc., JPM

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A better bet that it could be you

Article Abstract:

UK premium bonds offer better value than the National Lottery. Investors retain their stake money and there is a one in 150 possibility of winning a prize every month. This offers those who invest the maximum of 20,000 pounds sterling an average of 16 prizes annually. If the 16 prizes are for the minimum of 50 pounds, the return is good for a high-rate taxpayer, since no tax is charged on winnings. Better returns can be obtained from tax exempt savings accounts, but funds have to be tied up for longer in these accounts.

United Kingdom, Gambling industry, Savings bonds

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