title: ÐÑÐµÐ½ÐºÐ° ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ ÑÐ´ÐµÐ»Ð¾Ðº Ð¿Ð¾ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹
title: Ð²ÑÐ¿ÑÑÐºÐ½Ð°Ñ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¼Ð°Ð³Ð¸ÑÑÑÐ°
titleType: Subtitle
title: Evaluation of the efficiency of merger and acquisition transactions
Creators: name: ÐÐµÐ¿Ð¸Ð½Ð°, ÐÐ»Ð¸Ð½Ð°
Publisher: name: Ð¡Ð°Ð½ÐºÑ-ÐÐµÑÐµÑÐ±ÑÑÐ³ÑÐºÐ¸Ð¹ Ð¿Ð¾Ð»Ð¸ÑÐµÑÐ½Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÐ½Ð¸Ð²ÐµÑÑÐ¸ÑÐµÑ ÐÐµÑÑÐ° ÐÐµÐ»Ð¸ÐºÐ¾Ð³Ð¾
Year: 2020
Subjects: ÑÐ»Ð¸ÑÐ½Ð¸Ñ
Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ
ÑÐ´ÐµÐ»ÐºÐ¸
ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ñ
ÑÐ¸Ð½ÐµÑÐ³Ð¸Ñ
mergers
acquisitions
transactions
company
synergy

description: Ð¢ÐµÐ¼Ð° Ð²ÑÐ¿ÑÑÐºÐ½Ð¾Ð¹ ÐºÐ²Ð°Ð»Ð¸ÑÐ¸ÐºÐ°ÑÐ¸Ð¾Ð½Ð½Ð¾Ð¹ ÑÐ°Ð±Ð¾ÑÑ: Â«ÐÑÐµÐ½ÐºÐ° ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ ÑÐ´ÐµÐ»Ð¾Ðº Ð¿Ð¾ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹Â». ÐÐ°Ð½Ð½Ð°Ñ ÑÐ°Ð±Ð¾ÑÐ° Ð¿Ð¾ÑÐ²ÑÑÐµÐ½Ð° Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ Ð¾ÑÐ¾Ð±ÐµÐ½Ð½Ð¾ÑÑÐµÐ¹ ÑÐ´ÐµÐ»Ð¾Ðº Ð¿Ð¾ ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ (M&amp;A), Ð° ÑÐ°rÐ¶Ðµ Ð¾ÑÐµÐ½ÐºÐµ ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÐ¸ ÑÐ°ÐºÐ¸Ñ ÑÐ´ÐµÐ»Ð¾Ðº. ÐÐ±ÑÐµÐºÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ â ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸ ÐÐÐ Â«Ð¨Ð¢Ð ÐÐ¥-Ð Ð¡ÐµÐ²ÐµÑÐ¾-ÐÐ°Ð¿Ð°Ð´Â» Ð¸ ÐÐÐ Â«Ð¦Ð¢Ð ÐÐ°ÑÑÐµÑÂ» ÐÑÐµÐ´Ð¼ÐµÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ â ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÑ ÑÐ´ÐµÐ»Ð¾Ðº ÑÐ»Ð¸ÑÐ½Ð¸Ñ Ð¸ Ð¿Ð¾Ð³Ð»Ð¾ÑÐµÐ½Ð¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. ÐÐ°Ð´Ð°ÑÐ¸, ÐºÐ¾ÑÐ¾ÑÑÐµ ÑÐµÑÐ°Ð»Ð¸ÑÑ Ð² ÑÐ¾Ð´Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ñ: 1. Ð Ð°ÑÑÐ¼Ð¾ÑÑÐµÐ½Ð¸Ðµ ÑÐµÐ¾ÑÐµÑÐ¸ÑÐµÑÐºÐ¸Ñ Ð°ÑÐ¿ÐµÐºÑÐ¾Ð² ÑÐ´ÐµÐ»Ð¾Ðº M&amp;A. 2. ÐÐ·ÑÑÐµÐ½Ð¸Ðµ Ð¼ÐµÑÐ¾Ð´Ð¾Ð»Ð¾Ð³Ð¸ÑÐµÑÐºÐ¾Ð¹ Ð±Ð°Ð·Ñ Ð¾ÑÐµÐ½ÐºÐ¸ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹ Ð¸ ÑÐ´ÐµÐ»Ð¾Ðº M&amp;A. 3. ÐÐ±Ð·Ð¾Ñ Ð¿ÑÐ°Ð²Ð¾Ð²Ð¾Ð³Ð¾ ÑÐµÐ³ÑÐ»Ð¸ÑÐ¾Ð²Ð°Ð½Ð¸Ñ Ð² Ð Ð¾ÑÑÐ¸Ð¸ Ð¸ Ð·Ð° ÑÑÐ±ÐµÐ¶Ð¾Ð¼. 4. ÐÑÐ±Ð¾Ñ Ð¾Ð¿ÑÐ¸Ð¼Ð°Ð»ÑÐ½Ð¾Ð³Ð¾ Ð¼ÐµÑÐ¾Ð´Ð° Ð¾ÑÐµÐ½ÐºÐ¸ ÑÐ´ÐµÐ»ÐºÐ¸ Ð¸ Ð¿ÑÐ°ÐºÑÐ¸ÑÐµÑÐºÐ¾Ðµ ÐµÐ³Ð¾ Ð¿ÑÐ¸Ð¼ÐµÐ½ÐµÐ½Ð¸Ðµ. Ð Ð°Ð±Ð¾ÑÐ° Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð° Ð½Ð° Ð±Ð°Ð·Ðµ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð½ÑÑ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹. ÐÑÐ»Ð¸ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ñ ÑÐ°ÑÑÐµÑÑ, Ð¿Ð¾ÐºÐ°Ð·ÑÐ²Ð°ÑÑÐ¸Ðµ Ð¸Ñ ÑÐ¸Ð½Ð°Ð½ÑÐ¾Ð²Ð¾Ðµ ÑÐ¾ÑÑÐ¾ÑÐ½Ð¸Ðµ Ð´Ð¾ Ð¸ Ð¿Ð¾ÑÐ»Ðµ ÑÐ»Ð¸ÑÐ½Ð¸Ñ. ÐÑÐ¾Ð²ÐµÐ´ÐµÐ½ ÑÐ°ÑÑÐµÑ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÐ¸ ÑÑÐ¸Ñ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, Ð¸ Ð¾ÑÐµÐ½ÐµÐ½ ÑÐºÐ¾Ð½Ð¾Ð¼Ð¸ÑÐµÑÐºÐ¸Ð¹ ÑÑÑÐµÐºÑ Ð¾Ñ ÑÐ»Ð¸ÑÐ½Ð¸Ñ. ÐÑÐµÐ½ÐºÐ° Ð¿ÑÐ¾Ð²Ð¾Ð´Ð¸Ð»Ð°ÑÑ Ñ Ð¿Ð¾Ð¼Ð¾ÑÑÑ Ð¼ÐµÑÐ¾Ð´Ð° Ð½ÐµÑÐµÑÐºÐ¾Ð¹ Ð»Ð¾Ð³Ð¸ÐºÐ¸ Ð¸ Ð¼ÐµÑÐ¾Ð´Ð° ÐºÐ°Ð¿Ð¸ÑÐ°Ð»Ð¸Ð·Ð°ÑÐ¸Ð¸ Ð¿ÑÐ¸Ð±ÑÐ»Ð¸, ÐºÐ¾ÑÐ¾ÑÑÐ¹ Ð¿Ð¾ÐºÐ°Ð·Ð°Ð» ÑÐ²Ð¾Ñ ÑÑÑÐµÐºÑÐ¸Ð²Ð½Ð¾ÑÑÑ. Ð ÑÐµÐ·ÑÐ»ÑÑÐ°ÑÐµ Ð±ÑÐ» Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½ Ð°Ð½Ð°Ð»Ð¸Ð· ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¹, ÑÐ°ÑÑÑÐ¸ÑÐ°Ð½Ð° Ð¸Ñ ÑÑÐ½Ð¾ÑÐ½Ð°Ñ ÑÑÐ¾Ð¸Ð¼Ð¾ÑÑÑ Ð¼ÐµÑÐ¾Ð´Ð¾Ð¼ ÑÐ¸ÑÑÑÑ Ð°ÐºÑÐ¸Ð²Ð¾Ð², Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð° Ð¾ÑÐµÐ½ÐºÐ° ÑÐ¸Ð½ÐµÑÐ³ÐµÑÐ¸ÑÐµÑÐºÐ¾Ð³Ð¾ ÑÑÑÐµÐºÑÐ°. ÐÐ° Ð¾ÑÐ½Ð¾Ð²Ð°Ð½Ð¸Ð¸ Ð¿ÑÐ¾Ð²ÐµÐ´ÐµÐ½Ð½ÑÑ Ð¸ÑÑÐ»ÐµÐ´Ð¾Ð²Ð°Ð½Ð¸Ð¹ Ð¿Ð¾ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸ÑÐ¼ ÐÐÐ Â«Ð¨Ð¢Ð ÐÐ¥-Ð Ð¡ÐµÐ²ÐµÑÐ¾-ÐÐ°Ð¿Ð°Ð´Â» Ð¸ ÐÐÐ Â«Ð¦Ð¢Ð ÐÐ°ÑÑÐµÑÂ», Ð±ÑÐ»Ð¸ ÑÐ´ÐµÐ»Ð°Ð½Ñ Ð²ÑÐ²Ð¾Ð´Ñ Ð¾ Ð²Ð¾Ð·Ð¼Ð¾Ð¶Ð½Ð¾Ð¼ ÑÑÐ¿ÐµÑÐµ Ð² ÑÐ»ÑÑÐ°Ðµ Ð¸Ñ ÑÐ»Ð¸ÑÐ½Ð¸Ñ. ÐÐ°Ð½Ð½ÑÐµ ÐºÐ¾Ð¼Ð¿Ð°Ð½Ð¸Ð¸, Ð¾Ð±ÑÐµÐ´Ð¸Ð½Ð¸Ð²ÑÐ¸ÑÑ, Ð±ÑÐ´ÑÑ ÑÑÐ½ÐºÑÐ¸Ð¾Ð½Ð¸ÑÐ¾Ð²Ð°ÑÑ ÑÑÑÐµÐºÑÐ¸Ð²Ð½ÐµÐµ, ÑÐµÐ¼ Ð¿Ð¾ Ð¾ÑÐ´ÐµÐ»ÑÐ½Ð¾ÑÑÐ¸. ÐÑÐ¸Ð¼ÐµÐ½ÐµÐ½Ð¸Ðµ Ð¼ÐµÑÐ¾Ð´Ð° Ð½ÐµÑÐµÑÐºÐ¸Ñ Ð¼Ð½Ð¾Ð¶ÐµÑÑÐ² Ðº ÑÐ´ÐµÐ»ÐºÐ°Ð¼ ÑÐ»Ð¸ÑÐ½Ð¸Ñ ÑÐ¾ÑÑÐ°Ð²Ð»ÑÐµÑ Ð½Ð°ÑÑÐ½ÑÑ Ð½Ð¾Ð²Ð¸Ð·Ð½Ñ ÑÐ°Ð±Ð¾ÑÑ.
description: The subject of the graduate qualification work is âEvaluation of the efficiency of merger and acquisition transactionsâ This work is devoted to the study of the features of mergers and acquisitions of companies (M&amp;A), as well as the assessment of the effectiveness of such transactions. The object of research is the companies "SHTRIH-M North-West" and "CTO Master" The subject of the research is the effectiveness of mergers and acquisitions of companies. Tasks that were solved during the study: 1. Consideration of the theoretical aspects of M&amp;A transactions. 2. Study of the methodological framework for evaluating companies and M&amp;A transactions. 3. Review of legal regulation in Russia and abroad. 4. Choosing the optimal method for evaluating the transaction and its practical application. The work was carried out on the basis of the companies studied. Calculations were carried out showing their financial condition before and after the merger. The cost of these companies was calculated and the economic effect of the merger was estimated. The assessment was carried out using the fuzzy logic method and the profit capitalization method, which has shown its effectiveness. As a result, the companies were analyzed, their market value was calculated using the net assets method, and the synergy effect was assessed. Based on the studies carried out on the companies "SHTRIH-M North-West" and "CTO Master", conclusions were made about the possible success in the event of their merger. These companies, having united, will function more efficiently than separately. The application of the fuzzy set method to merger transactions is the scientific novelty of the work.