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  • Acquisition valuation: how to value a going concern? = Vrednotenje prevzema: kako vrednotiti delujoče podjetje?
    Bertoncelj, Andrej, 1957-
    Acquisitions too often do not create value for acquirers. One of the reasons is that acquiring companies often pay too much for targets. It is important not to pay more than the real worth that ... targets bring to acquiring companies. It is referred to as worth rather than acquisition price in absolute term, meaning that the difference between intrinsic value and acquisition price should be justified with realistic estimation of synergy and control. Combination of two valuation approaches, discounted cash flow method using perpetual growth and EBITDA exit multiple principles, and comparables method applying EBITDA multiple, is explored for valuing going concerns. When numbers do not add up, acquirers should pass up contemplated acquisitions.
    Type of material - article, component part
    Publish date - 2006
    Language - english
    COBISS.SI-ID - 512465794