Mergers and Acquisitions in India¡¯s Pharmaceutical Sector
A merger and acquisition (M&A) refers an arrangement whereby the assets, liabilities and business of two companies become vested in or under the control of one company. M&A is a tool for expanding business or get around different laws or regulations such as tax laws or monopoly regulations. This paper aims to examine the impact of M&A on the financial performance of the companies involved in pharmaceutical industry. For this purpose, a case study of GlaxoSmithKline has been selected. The pre and post-merger performances, in terms of variables like sales, net earnings, debt equity ratio and return on equity ratio of the company, have been analyzed by applying independent sample t test as a main statistical tool.
Volume (Year): 6 (2014)
Issue (Month): 1 (March)
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