20.500.12556/DKUM-14819 PREVZEMI IN ZDRUŽITVE PODJETIJ NA PRIMERU PREVZEMA MERKURJA S STRANI MERCATORJA TAKEOVERS AND MERGERS WITH REGARD TO THE TAKEOVER OF MERKUR BY MERCATOR Zaradi globalizacije so prevzemi postali del vsakdanje poslovne prakse. Večina teorij predvideva pozitivne učinke, saj se poveča učinkovitost poslovanja podjetja, doseže sinergija v ekonomiji obsega, kar je posledica novih kombinacij prej ločenih podjetij ali zmanjševanja stroškov. Prevzemno podjetje pridobi določen delež lastninskih pravic (delež delnic) v prevzetem podjetju, kar mu zagotavlja kontrolni delež za odločilno vplivanje na poslovanje prevzetega podjetja. Katerokoli obliko prevzema je mogoče opraviti s plačili v denarju, z zadolžitvijo podjetja, z zamenjavo za delnice ali druge vrednostne papirje. O združitvi podjetij govorimo, kadar iz dveh ali več podjetij nastane eno samo. Izvedena mora biti v skladu z obstoječo zakonodajo. Znotraj združitev ločimo spojitve in pripojitve. Po uspešno opravljenem prevzemu po navadi pride tudi do združitve podjetij. Prevzemi in združitve vselej prinašajo spremembe in drugačne pristope k opravljanju nalog in doseganju skupnih ciljev. Prevzem mora biti ekonomsko upravičen, torej morata biti prevzemno in prevzeto podjetje po prevzemu vredni več kot vsako posamezno pred prevzemom. Glavna slabost združitev je samodejen prevzem vseh znanih in neznanih obveznosti prevzetega podjetja. Za uspešne združitve in prevzeme podjetij je potrebno narediti podroben poslovni načrt, oceniti vse elemente tržne, proizvodne, organizacijske in kadrovske narave, ki vplivajo na pričakovane donose in vrednost podjetja. Če bi Mercator prevzel Merkur, bi ta združitev podjetij prinesla precej priložnosti, ki bi še povečale pozitiven učinek prevzema. Mercator bi lahko dosegel svoj strateški cilj in postal največji trgovec v jugovzhodni Evropi. Hitrejša rast v podjetju bi prinesla boljše poslovne rezultate, trgovsko mrežo bi lahko posodabljali, vodenje strateške poslovne politike bi bilo lažje in dolgoročno bi se lahko maksimirala vrednost podjetja. Finančno in poslovno okrepljeni Mercator bi lahko še agresivneje nastopal na sedanjih in novih trgih s celovito zaključenim prodajnim programom. S skupnim nastopom na prodajnih trgih bi se zmanjšali stroški in povečala učinkovitost. Zmanjševalo bi se tudi poslovno tveganje. Z razširitvijo trgovske mreže, z novimi površinami in s skupnim nastopom novega podjetja na prodajnih trgih bi imeli koristi tudi potrošniki. Due to globalisation takeovers have got to be part of everyday routine. Most theories foresee positive effects for not only is the business efficiency of the company increased but also the synergy of the economy of the extent of business operation is achieved all of which is direct consequence of new combinations of formerly separated companies or direct consequence of reduction of costs. The takeover company acquires a certain share of ownership rights (stock share) of the company which is has taken over and the said share provides supervision share which makes it possible for the takeover company to discharge crucial influence upon the operation of the company which has been taken over. Any form of takeover can be performed through payments in cash, indebtedness of the company, exchange of stocks or other securities. Takeover is defined as the case where two or more companies are merged into a single one in that is has to be performed in accordance with the existing legislature. As far as merger goes there are fusions and annexations. A successfully discharged takeover is usually followed by a merger of the companies in question. As regards the discharge of obligations and achievements of mutual goals takeovers and mergers always bring about changes and different attitudes. A takeover has to be economically justified hence the takeover company and the taken-over company have to be worth more than before it. The main drawback of a merger is automatic acceptance of all known as well as unknown liabilities of the taken-over company. A successful takeover and merger of companies calls for a precise business plan thus all the elements of marketing, production, organizational and personnel management nature, which can influence the anticipated revenues and values of the company, have to be thoroughly studied and assessed. If "Mercator" should takeover "Merkur" the merger would provide a number of opportunities which would enhance the positive effects of the takeover in that "Mercator" would be able to achieve its strategic goal in getting to be the largest merchant of Southeast Europe. A faster growth of the company would bring about better business results, the trading network could be brought up to date, strategic business policy would be easier and, in the long run, the value of the company would be maximized. It would be possible for the financially invigorated "Mercator" to do business not only on its current markets but also on new ones more aggressively with the help of an integrally balanced sales program. Through mutual appearance on various markets costs could be minimized and efficiency could be increased whereby business risks would be reduced. The consumers, too, would gain a lot through expansion of sales network, new sales space and joint appearance of the new joint company on the market. ciljno podjetje ponudba za porevzem prevzem pripojitev združitev spojitev prijateljski prevzemi sovražni prevzemi target company takeover bid takeover acquisition merger friendly takeovers hostile takeovers true true false M. Titan Slovenski jezik Angleški jezik Delo diplomskega seminarja/zaključno seminarsko delo/naloga 2010-07-10 15:38:00 2010-11-16 14:42:13 2022-04-12 22:20:49 2023-12-17 03:19:45 2010 0 [Maribor 0 0000-00-00 NiDoloceno NiDoloceno NiDoloceno 0000-00-00 0000-00-00 0000-00-00 005.5 10418716 URN:SI:UM:DK:GCTRO6PW UNI_Titan_Mateja_2010.pdf UNI_Titan_Mateja_2010.pdf 1 145B7BDE9E5F416F861FD3FD149A9878 0c48949e6a618160b88c856a370732e3846d4bbc31b376ea7fdcfe21e23f8970 402bead4-7c04-11eb-bb7a-00155d0001ca 20.500.12556/dkum/c92f1ff4-83be-43d3-8295-417308f9a70d https://dk.um.si/Dokument.php?lang=slv&id=16037 Ekonomsko-poslovna fakulteta 0 0 0