INTRODUCTION
The subject matter of merger an acquisition first emerged in the Nigeria capital market in 1983 and it has become charged with controversies and conflicting view as a young and developing economy, the Nigerian economy environment was not prepared for the intricacies of merger and acquisition, which are generally considered the problem of mature countries.
The impact of global economic depression and in particular the glut in the international oil market, caught up with the Nigeria economy and its industries and corporation one of the industries survival strategies was merger and acquisition plans.
Merger imply combination or fusion of two or more formerly independence business units into one organization with a common ownership and management. Acquisition on the other hand includes all business and corporate organizational and operational devices and arrangement by which the ownership and management of independently operated properties in business are bought under the control of single management.
Accordingly therefore, this term is used n changeably with mergers and well know as the term mergers and acquisition is to lawyers, accountants and businessmen generally, it was never used neither was it defined in the company Act of 1968”
Speared on by tough Luck and the encircling whiplash of the economic situation Nigerian corporation skyline is fast undergoing a change.
Top company executive, who have suffered out of heart burns under the scouring heat of attempting to prop up sagging turn over figures and the flat ball own ballooning bank overdraft are now able to solve these problem which appear impossible one such solution being mergers and acquisition.
It is a word now gaining prominence and toping the agenda of company boardroom meeting a company’s team up to service the economic situation.
With these developments, there arose many unresolved problems in relation to the accounting, atomic, legal and regulatory aspects of any definite statement; with wide range view emanated according is the varying prospecting of those concerned. In this type of sceneries, it expedient that something must be done about it. This is the objective of this research in view of foreging discussion, this study shall also consider the commercial objective of merger and acquisition, among which is achieved cost technology or capture the market of the target company, or to affect the reorganization o group of associated company, or so as to achieve tax advantage to the same devise cold be resorted to merger and acquisition could also be used to gain control of company or to boil out an oiling business so as to avert redundancy.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE SUBJECT MATTER
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
1.3 THE IMPORTANCE OF STUDYING THE AREA
1.4 DEFINITION OF IMPORTANT TERM
1.5 REFERENCES
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 THE ORIGIN OF THE SUBJECT AREA
2.2 SCHOOL THOUGHT WITHIN THE SUBJECT MATTER
2.3 THE SCHOOL THOUGHT RELEVANT TO THE SUBJECT MATTER
2.4 DIFFERENT METHOD OF STUDYING THE PROBLEMS
2.5 SUMMARY
2.6 REFERENCES
CHAPTER THREE
3.0 CONCLUSION
3.1 DATA PRESENTATION
3.2 ANALYSIS OF THE DATA
3.3 RECOMMENDATION
3.4 CONCLUSION
3.5 REFERENCES
The subject matter of merger an acquisition first emerged in the Nigeria capital market in 1983 and it has become charged with controversies and conflicting view as a young and developing economy, the Nigerian economy environment was not prepared for the intricacies of merger and acquisition, which are generally considered the problem of mature countries.
The impact of global economic depression and in particular the glut in the international oil market, caught up with the Nigeria economy and its industries and corporation one of the industries survival strategies was merger and acquisition plans.
Merger imply combination or fusion of two or more formerly independence business units into one organization with a common ownership and management. Acquisition on the other hand includes all business and corporate organizational and operational devices and arrangement by which the ownership and management of independently operated properties in business are bought under the control of single management.
Accordingly therefore, this term is used n changeably with mergers and well know as the term mergers and acquisition is to lawyers, accountants and businessmen generally, it was never used neither was it defined in the company Act of 1968”
Speared on by tough Luck and the encircling whiplash of the economic situation Nigerian corporation skyline is fast undergoing a change.
Top company executive, who have suffered out of heart burns under the scouring heat of attempting to prop up sagging turn over figures and the flat ball own ballooning bank overdraft are now able to solve these problem which appear impossible one such solution being mergers and acquisition.
It is a word now gaining prominence and toping the agenda of company boardroom meeting a company’s team up to service the economic situation.
With these developments, there arose many unresolved problems in relation to the accounting, atomic, legal and regulatory aspects of any definite statement; with wide range view emanated according is the varying prospecting of those concerned. In this type of sceneries, it expedient that something must be done about it. This is the objective of this research in view of foreging discussion, this study shall also consider the commercial objective of merger and acquisition, among which is achieved cost technology or capture the market of the target company, or to affect the reorganization o group of associated company, or so as to achieve tax advantage to the same devise cold be resorted to merger and acquisition could also be used to gain control of company or to boil out an oiling business so as to avert redundancy.
TABLE OF CONTENTS
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND OF THE SUBJECT MATTER
1.2 PROBLEMS ASSOCIATED WITH THE SUBJECT MATTER
1.3 THE IMPORTANCE OF STUDYING THE AREA
1.4 DEFINITION OF IMPORTANT TERM
1.5 REFERENCES
CHAPTER TWO
2.0 LITERATURE REVIEW
2.1 THE ORIGIN OF THE SUBJECT AREA
2.2 SCHOOL THOUGHT WITHIN THE SUBJECT MATTER
2.3 THE SCHOOL THOUGHT RELEVANT TO THE SUBJECT MATTER
2.4 DIFFERENT METHOD OF STUDYING THE PROBLEMS
2.5 SUMMARY
2.6 REFERENCES
CHAPTER THREE
3.0 CONCLUSION
3.1 DATA PRESENTATION
3.2 ANALYSIS OF THE DATA
3.3 RECOMMENDATION
3.4 CONCLUSION
3.5 REFERENCES