| Tekijä: | Stonham, P. |
| Otsikko: | The HSBC Holdings/Midland bank takeover part two: financial offer, valuation and stock market reaction |
| Lehti: | European Management Journal
1994 : JUN, VOL. 12:2, p. 154-162 |
| Asiasana: | BANKS MARKETS ENGLAND |
| Kieli: | eng |
| Tiivistelmä: | In Part Two of this case study, Paul Stonham focuses on HSBC Holdings' acquisition offer for Midland Bank. It involves the valuation of HSBC's and Lloyds Bank's offers and theoretical questions of the valuation of target companies' shares under a paper exchange. Valuation is made of the successfully achieved HSBC/Midland enlarged group and estimates made of shareholder value before and after the takeover as well as for Lloyds Bank pre- and post-theoretical takeover. |
SCIMA