Cross-Border Mergers and Acquisitions

CHAPTER 3 Legal, Financial, Social, and Political Interdependencies with Cross-Border Integration

Andrew Scola

CHAPTER LEARNING OBJECTIVES—IN THIS CHAPTER, YOU WILL LEARN:

• An introduction to the macroeconomic, legal, and social impacts on cross-border M&A and integration
• Recent regulatory, tax, and political concerns that are impacting cross-border carve-out and integration activity
• What integration teams should look out for to avoid some of the pitfalls, some of which can be very public and value destructive

CHAPTER SUMMARY

This chapter introduces the key legal, financial, social, and political influences on, and implications of, cross-border mergers, acquisitions, and divestitures. It puts cross-border M&A programs in context within and between the jurisdictions and societies where the companies operate.

INTRODUCTION

M&A is a complex world. From negotiation, valuation, and rationale, through to completion and integration, we are reminded with each transaction that every deal is different, and each integration will require specific skills and face different challenges. However unique the deal may be there are always numerous interjurisdiction, macroeconomic, and social ...