VALUATION OF TARGET FIRMS ACQUIRED IN THE FOOD SECTOR DURING THE 1996-2001 WAVE

Francis Declerck

International Food and Agribusiness Management Review, 2003, vol. 05, issue 4, 16

Abstract: The paper studies valuation ratios of food companies that were part of mergers & acquisitions (M&A) involving at least one French company during the 1996-2001 period. Results converge to value the food company 1.1 to 1.4 times its turnover. There is no significant difference of "valuation to turnover" ratios among M&A involving only French firms and M&A involving companies from different countries. Corporate valuation may differ according to food sub-sector.

Keywords: Agribusiness (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ifaamr:34417

DOI: 10.22004/ag.econ.34417

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