Home  Journals  Finance and Credit  47(479) - 2011 December

Sources of risk at the financing stage in mergers and acquisitions of Russian companies

Available online: 7 December 2011

Subject Heading: Risk-management

JEL Classification: 

This article is dedicated to issues at the financing stage in M&A transactions of Russian companies. The author presents analysis of the main features and characteristics of financial instruments in place in the Russian and international markets that can be widely used by a company in order to finance its strategic and financial acquisitions. The detailed description of the types of consideration and possible terms of debt and hybrid financing is provided. The sources of risk that can separately and together influence financial performance and valuation of merged companies are assessed.

Keywords: mergers and acquisitions, debt financing, hybrid financing, effective cost of financing

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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