M & A .... what's that ?
Most real estate agents would not know
what is the meaning of M & A !!
Well, it means Mergers & Acquisitions ...
In practice, it simply means when a Big Firm
ACQUIRES or buys over a smaller firm.
And this smaller firm or the Target Company
can either be their Competitor or perhaps in
a related business or a supporting business
that can add value to the supply chain.
Sometimes, when 2 different companies are of
almost equal strength ( in terms of market share,
market capitalization, sales revenue, profitability )
then it makes sense for them to join/combine
their strength ... so as to become BIGGER !!
And this is the concept of MERGER.
Before I went into the Property biz,
I wanted to be a Merchant Banker
( now known as Investment Banker )
.... but that was over 25 years ago ....
For i was fascinated by the corporate deals
done in Wall Street ... those hugh mega deals
via Mergers & Acquisitions that were done
using junk bonds and financial derivatives
But the problem was that my degree is in
property ... and to work in merchant banking,
you need degrees related to corporate law,
finance, accounting or
Back then, this country also does not have
the likes of global consulting firms like Bain,
Mckinsey, and Boston Consulting Group
So my hope of going into the world of high'
finance remained a far-fetched dream ....
I have bought many books related to Wall Street
and the Corporate Raiders of America.
But sadly, all of them remained un-opened
and un-read .... and many are still in their
original plastic wrappers !!
Any regrets ?
25 years have since passed ...
I have about 100 of these books.
So when will I ever have the time
to read them all .... ???
