소개글
[경영학] 적대적 M&A 사례 분석-KT&G, 칼아이칸(영문)에 대한 자료입니다.
목차
1.Typical Process of Hostile M&A
2.Overview of KT&G and Carl Icahn Case
3.Offensive Strategies of Hostile M&A
4.Defensive Strategies of Hostile M&A
5.Implication
본문내용
Finding Target (Sleeping Beauty)
Monitoring Target
Purchasing Target’s Stocks
Expressing Raider’s Intention public
Ownership Percentage to desired Level
1,2. Selecting & Monitoring Target (2004.11~)
C.Icahn
&
Steel Partners
↓Due Diligence, Interview
KT&G
3. Purchasing KT&G Stocks(2005.06~)
- Icahn’s challenging request to KT&G → REJECTED
- Alliance of Carl Icahn & KT&G’s full-fledged Purchasing Stocks(2006.01~)
4. Carl Icahn’s Intention to Public(2007.02~)
- Carl Icahn’s Announcement of 6.59% Ownership
- Suggestion outside directors vote by cumulative rule(02.14)
6.59% Ownership