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Essay / Research Paper Abstract
This 18 page paper examines the acquisition of the UK supermarket of Asda by US firm Wal-Mart which took place in 1999. The paper looks at the position of both companies prior to the acquisition taking place. The motivation and tactic of both companies are examined along with the financing arrangements and the final results of the acquisition on the short term share price and the performance of the newly merged company. The bibliography cites 17 sources.
Page Count:
18 pages (~225 words per page)
File: TS14_TEaqasda.rtf
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Unformatted sample text from the term paper:
number of acquisitions and mergers have occurred since 1998, one major acquisition took place between the UK supermarket chain Asda and the USs Wal-Mart. By examining this we can understand
the motivation and impact of the acquisition. Question One; The Position of the Companies Prior to the Merger The position of Wal-Mart was very strong and already the
worlds largest supermarket or discount chain. Wal-Mart started in 1962 when the first store was opened by Sam Walton, the man who was to be the driving force behind the
success and culture of the company. The company that has now grown the over 3,000 stores in the United States as well as international stores. In total the company now
employs over 885,000 staff and had an annual turnover of US$ 106,146.0 million in 1997, US$ 119,299.0 million earnings for the year 1998 and the year of the acquisition saw
a turnover of US $ 139,208.0 million (Wal-Mart, 1998, 1999). Countries operated in also include Argentina, Brazil, Canada, and Mexico (Asda, 1999). The
philosophy of the company was summed up by the founder company that was summed up very well in the words of Sam Walton; "The secret of successful retailing is
to give your customers what they want. And really, if you think about it from your point of view as a customer, you want everything: a wide assortment of good
quality merchandise; the lowest possible prices; guaranteed satisfaction with what you buy; friendly, knowledgeable service; convenient hours; free parking; a pleasant shopping experience."
- Sam Walton (1918-1992) (quoted at Wal-Mart.com, 2004). The major mission of the company was to increase the market share as well as
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