Open AccessSynergy evaluation in mergers and acquisitions
Author(s) -
Victoria Bataeva
Publication year - 2020
Publication title -
učenye zapiski rossijskoj akademii predprinimatelʹstva. rolʹ i mesto predprinimatelʹstva v èkonomike rossii
Language(s) - English
Resource type - Journals
ISSN - 2073-6258
DOI - 10.24182/2073-6258-2020-19-2-108-113
Subject(s) - mergers and acquisitions , consolidation (business) , discounted cash flow , business , cash flow , cash , order (exchange) , industrial organization , operations research , finance , mathematics
This paper analyzes the M&A deal of Rostelecom and Tele2 Russia in order to evaluate the synergy effect as a result of consolidation. Discounted cash flow method is applied to determine the companies’ enterprise values. As a result of the research, synergy is equal 38 003 million rubles and the M&A deal is recognized as an effective one.