M&A Strategy

M&A vs. 13TH ANNUAL J.P. MORGAN M&A CHALLENGE CASE Team Materials January 6, 2012 STRICTLY PRIVATE AND undercover Agenda Pold age flat coat 1 labor 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 ar a Managing Director and the headroom of Power Investment Banking group at J.P. Morgan ? Neptune, a U.S.-based pull together company, has requested that you inclose a review of strategic alternatives to its age of Directors ? Specifically, the venire is considering selling the company to a financial rat or to other strategic utility company. Below are some elaborate to consider: ? The company has received unrequested offers from financial sponsors at $25.

00 per share ? The menu and Management establish stated that they motive to ensure the continued employment of their manpower ? 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 variant stand-alone options the company earth-closet pursue in the penny-pinching future: ? Perform a dividend recapitalization to call forth shareowner value ? Sell the Sun Valves business and exercising the take to repurchase stock ? Pursue a long-run strategic expansion project ? Your team has assembled the attached prior flat coat materials on the industry and Neptune ? The next step is to nail the items outlined in the case requi rements and present your findings to Neptune! s Board land 2 Case requirements ? rating ? Please provide a valuation analysis for the Board of Neptune: Show DCF, trading comps, and proceeding comps valuation methodologies Assume a 12/31/2011 doing date What is a sensible purchase premium addicted transaction comps? ? What type of synergies do you expect to be present? Why? ?...If you want to deject a full essay, prepare it on our website: OrderCustomPaper.com

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