M&A Strategy

M&A vs. 13TH ANNUAL J.P. MORGAN M&A CHALLENGE CASE Team Materials January 6, 2012 STRICTLY PRIVATE AND hugger-mugger Agenda P eon flat coat 1 manufacture overview 4 Neptune financials and assumptions 14 Strategic options 13TH ANNUAL J.P. MORGAN M&A CHALLENGE CASE 18 Appendix 21 1 Situation overview ? You argon a Managing Director and the clearance of Power Investment Banking group at J.P. Morgan ? Neptune, a U.S.-based take a leak company, has requested that you lay out a review of strategical alternatives to its age of Directors ? Specifically, the venire is considering selling the company to a financial stag or to other strategic utility company. Below are some elaborate to consider: ? The company has received unsolicited offers from financial sponsors at $25.

00 per share ? The menu and Management suck up stated that they motive to ensure the continued employment of their hands ? The utility attention is highly regulated, a sale to another party bequeath have to be approved by various regulatory commissions ? Additionally, the Board has asked for an evaluation of three diametrical stand-alone options the company earth-closet pursue in the right future: ? Perform a dividend recapitalization to call forth stockholder value ? Sell the Sun Valves business and exercising the coming back to repurchase stock ? Pursue a long-run strategic expansion project ? Your team has assembled the attached prior priming materials on the industry and Neptune ? The next step is to nail the items defined in the case requirement s and present your findings to Neptunes B! oard scene 2 Case requirements ? rating ? Please provide a valuation analysis for the Board of Neptune: Show DCF, trading comps, and dealing comps valuation methodologies Assume a 12/31/2011 work date What is a sensible purchase premium wedded transaction comps? ? What type of synergies do you expect to be present? Why? ?...If you want to deject a full essay, orderliness it on our website: OrderCustomPaper.com

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