Le differenze di fusione, tra capacità di indebitamento e dividend covenants

Roberto Moro Visconti

Le differenze di fusione, tra capacità di indebitamento e dividend covenants

Translated title of the contribution: [Autom. eng. transl.] The merger differences, between debt capacity and dividend covenants

Roberto Moro Visconti

Research output: Contribution to journal › Article › peer-review

Abstract

Mergers substantially modify the assets and liability structure of the acquiring company. The impact on debt capacity, which depends on post merger leverage and on the new assets’ structure, is normally substantial even for what concerns information asymmetries and mainly in presence of merger deficits with limited collateral value. The ability to pay out dividends after the merger is influenced by new legal, accounting and tax covenants, to be examined with an interdisciplinary approach.

Translated title of the contribution	[Autom. eng. transl.] The merger differences, between debt capacity and dividend covenants
Original language	Italian
Pages (from-to)	125-140
Number of pages	16
Journal	RIVISTA DEI DOTTORI COMMERCIALISTI
Publication status	Published - 2011

Keywords

dividend covenant
merger

Cite this

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abstract = "Mergers substantially modify the assets and liability structure of the acquiring company. The impact on debt capacity, which depends on post merger leverage and on the new assets{\textquoteright} structure, is normally substantial even for what concerns information asymmetries and mainly in presence of merger deficits with limited collateral value. The ability to pay out dividends after the merger is influenced by new legal, accounting and tax covenants, to be examined with an interdisciplinary approach.",

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Le differenze di fusione, tra capacità di indebitamento e dividend covenants

Abstract

Keywords

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