兼并收购概念理论之六:交易融资 100 分02—Financing the Deal 交易融资 满分 100 分返回上一级单选题(共 3 题,每题 20 分)1 . Prospective lenders to the buyer in an Mergers and Acquisitions deal want to see projections on what basis? 在并购交易中潜在贷方希望从买方那里看到基于什么基础的预测?A。Combined companies, on a taxable cash flow basis 合并后的公司,以应税现金流为基础B.Combined companies, after synergies and accounting adjustments 合并后的公司,经过协同增效和会计调整C.Buyer, with seller functioning as operating subsidiary 买方,卖方作为运营子公司D. Combined companies, on a net present value basis with synergies 合并后的公司,以协同效应的净现值为基础我的答案: B2 。 A seller has filed a lawsuit against a third party for patent infringement in the amount of $100 million。 Various legal experts conclude the chances of success are 40% in 3 years。 If the combined buyer/seller has a 12% cost of capital, what is the maximum consideration the buyer should offer the seller at closing (i。e., year 0)? 卖方已就第三方专利侵权提起诉讼,诉讼金额为 1 亿美元。 各种法律专家总结说,在三年后诉讼成功的机会达到 40%。 假如合并后的公司有 12%的资本成本,买方应在交易结束时(即第 0 年)向卖方提供的最高补偿是多少?A.$14 million 1400 万美元B.$28 million 2800 万美元C.$42 million 4200 万美元D。$71 million 7100 万美元我的答案: B3 . Generally speaking, Mergers and Acquisitions acquirers issuing more than $100 million of new debt need to have the following on a pro forma basis: 一般而言,发行超过 1 亿美元新债务的并购收购方需要完成以下工作:A。Completed due diligence on the seller 完成对卖方的尽职调查B.An investment banker to assist with the finance 投资银行家协助融资C.A credit rating on the new debt from a rating agency 评级机构对新债务的信用评级D。An equ...