During the last couple of decades or so, mergers and acquisitions (M & As) have assumed great importance. Giant corporations and big multinational enterprises (MNEs) are constantly on the lookout for acquiring big or small companies to increase their wealth and become even bigger global giants. It is in this context that a comprehensive book on M & As such as the one authored by Professor Kamal Ghosh Ray becomes so significant. This well-balanced and well-researched text is a harmonious blend of theoretical concepts and practical aspects on mergers and acquisitions. The book begins with an analysis of the causes of and strategic approaches to M & As. Then it goes on to give a detailed discussion on the valuation aspects—valuing the enterprise, business, brands, goodwill, HR and customer relationships, valuing synergy, valuing of private sector companies and family business besides dealing with business valuation standards in USA and India. Finally, the book concludes with a comprehensive coverage of accounting for the legal aspects of and integration in mergers and acquisitions. The text is profusely illustrated with examples, tables and case studies.
Intended as a text for PG students of management, this book would also be of immense value to students of chartered accountancy, cost accountancy and company secretaryship. In addition, it would appeal to a broad spectrum of professionals ranging from strategic planners, CFOs, CEOs, COOs, financial analysts, bankers, venture capitalists, to portfolio managers and entrepreneurs. Finally, the book would be treasured by anyone who is interested in Mergers and Acquisitions—an increasingly topical subject.
What the Reviewer Says
Undoubtedly, this book on Mergers and Acquisitions by Dr. Kamal Ghosh Ray is of immense value to all the academicians and students of Business Schools and is of practical import to all the promoters and CFOs of the corporate world who are interested or involved in mergers and acquisitions.
K. Harishchandra Prasad
President, The Federation of Andhra Pradesh
Chambers of Commerce and Industry,HyderabadAbout the AuthorKAMAL GHOSH RAY (PhD, AICWA) is Director and Professor of Finance and Risk Management, Vignana Jyothi Institute of Management, Hyderabad. Earlier, he worked as CEO, Sapphire Global Finance, and Segment Controller, Asea Brown Boveri (ABB). He has also occupied senior positions in other reputed organizations. Dr. Ray was a Visiting Professor at Groupe ESC Dijon Bourgogne (Burgundy School of Business), Dijon, France. He has presented papers on M & As at various conferences—in MIT; Syracuse University, New York; and a number of forums in India. Besides, he has presented research papers at various conferences in the UK, Australia and other countries and has published several articles in journals of international repute.
