ORHAN, Mehmet Suphi Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İşletme Bölümü, Turkey , AĞIRMAN, Ensar Atatürk Üniversitesi - İktisadi ve İdari Bilimler Fakültesi - İşletme Bölümü, Turkey

A DIFFERENT PERSPECTIVE TO MERGER AND ACQUISITIONS: STAPLED FINANCING

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Merger and acquisitions are the inevitable phenomena of the modern business world. M A is sometimes used with a great interest and sometimes used as an obligatory strategy. The M A literature commonly consists of the advantages and disadvantages of the M A, why companies need to use M A as a growth strategies and the econometric models which are used to measure of the impact of the M A so on. However, literature provides more information about how the buyer benefits from the M A and has limited information how the seller benefits from the transaction. In this regard we examine the Stapled Financing which has not found a place for itself in the Turkish literature. Stapled financing refers to a financing package which is arranged by the seller and offered its financial Advisers to potential purchasers, usually as part of an auction process. Stapled financing is used to maximize the benefits of the seller side. This study consists of a literature review of Stapled Financing and application methods of Stapled Financing.

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Keywords: Mergers and Acquisition , Stapled Financing

Journal Of Economics and Administrative Sciences, Ataturk University

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