Rotunno, Federico (A.A. 2022/2023) M&A synergy valuation: a proposed real options approach for evaluating synergies within the GrandVisioin-EssilorLuxottica case study. Tesi di Laurea in Advanced corporate finance, Luiss Guido Carli, relatore Rosella Santella, pp. 146. [Master's Degree Thesis]

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Abstract/Index

Mergers & acquisitions: motives, process and environment. Brief description of mergers and acquisitions. The cycle of an M&A deal. Motivations for pursuing an M&A deal. Reasons for the failure and key success factors of M&A deals. A deep dive into the M&A market. M&A, control and synergies: a valuation perspective. Introduction to the business valuation approaches: income, market and asset approach. Inside the income approach: the DCF method. The market approach: a relative perspective to valuation. The real options approach. Measuring synergies in M&A deals. The value of corporate control. Application of the methodology proposed to the GrandVision-EssilorLuxottica case study. Presentation of the deal. Presentation of the Buyer–EssilorLuxottica. Presentation of the Seller–GrandVision. Transaction rationale and synergies. Evaluation of the GrandVision’s stand-alone value. Adopting the real options approach for assessing M&A synergies.

References

Bibliografia: pp. 101-102. Sitografia: pp. 103-105.

Thesis Type:	Master's Degree Thesis
Institution:	Luiss Guido Carli
Degree Program:	Master's Degree Programs > Master's Degree Program in Accounting, control and finance (LM-77)
Chair:	Advanced corporate finance
Thesis Supervisor:	Santella, Rosella
Thesis Co-Supervisor:	Pinto, Eugenio
Academic Year:	2022/2023
Session:	Autumn
Deposited by:	Alessandro Perfetti
Date Deposited:	06 Jun 2024 08:14
Last Modified:	06 Jun 2024 08:14
URI:	https://tesi.luiss.it/id/eprint/38737

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