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PDF Tandberg Preannouncement Analysis: Published July 21, 2009, prior to Cisco bid.
PDF November 2009 - European M&A Calendar
European Merger Report

An Unbiased Detailed Analysis of European M&A Transactions

European Research, an independent institutional research service based in London, brings together invaluable insight and in-depth analysis on mergers and acquisitions.

The team of analysts leverages its experience in European M&A to deliver a powerful service.

The service covers M&A deals with targets in Europe for announced transactions and for selected potential bids.
  • All announced deals for which the market capitalization of the target is greater than €500 million are covered in detail (except in exceptional cases where liquidity is too small to justify coverage)
    • The markets covered are the European Union, Switzerland and Norway
    • Both announced transactions and for selected potential bids.
    • Selected, tradeable, deals below this threshold may also be covered
    • Pre-announced deals are regularly covered on a selective basis
The analysis of deals includes
  • Terms of the offer
  • Conditions attached to the offer
  • Offer timetable
  • Risk analysis
    • Competition regulation
    • Takeover regulation (for the target)
    • Potential competition and regulatory issues, and other potential issues
    • Political risk
  • Rationale for the deal
  • Valuation of the target
  • Value of the target to the bidder
European Research analysts are fluent in a range of European language, and have developed expertise in regulation, competition and takeover regulation across the European markets.
  • Internal expertise is supplemented by contact with lawyers and regulators in the individual markets.
On individual deals European Merger will provide:
  • Initial Reports: Generally produced on the day of announcement
    • The initial report gives an in depth description of the deal (as described above)
  • Follow up Reports: Ongoing M&A transactions are actively monitored.
    • European Merger publishes follow-up reports covering developments in individual deals.
In addition European Merger produces regular updates on the progress of deals
  • Daily Note: Published each morning, the Daily Note provides headlines of developments in existing deals and new situations.
  • Calendar: A weekly publication that provides a timetable of historic and forward looking dates for each of the deals in Global Merger’s coverage.
  • Deal Status Report: A weekly report that outlines the current status of all of the deals being covered.
  • Discounts and Estimated Returns: A weekly publication providing current discounts, estimated settlement dates and estimated annualized returns for each of the deals in European Merger’s current coverage.
Subscribers to European Merger have access to:
  • The European Research website: The website contains a library of European Research reports.
    • European Merger clients can search the website and download European Merger publications.
  • Contact with Authors: Subscribers to European Merger have personal telephone contact with its authors. This is an enormous value-added aspect of the service. Authors will spend a significant portion of their day discussing pertinent aspects of deals that European Merger is currently covering.
    • European Merger will also analyse transactions that are below its minimum market capitalization criterion on a case by case basis for clients.
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