ABSTRACT
Merger and acquisition has been widely acclaimed by scholars and
professionals in business as the most desirable and effective strategy to
revive the difficult situations facing Nigeria economic climate. The situation
is so terrible that organizations had to turn around and adopt strategy to
survive through this turbulent waters. This research work has the objective
of undertaking to examine, analyze and evaluate the effectiveness of
merger and acquisitions as a strategy for Business organizational survival
in Nigeria and investigates whether it can result to economics of scale and
increase profitability of the combined firms. To this end, questionnaires
were administrated to Oando Nigeria Plc and some few other organizations
that merged. The data and information collected were analyzed using
simple tables, frequencies and percentages. The findings of this research
reveals that merger and acquisitions brings about improvement in the
productivity of the merged organizations. The researcher is of the opinion
that, based on the findings, the recommendations made, if properly
followed, it will improve the activities of merger and acquisition for the
benefit of the government, proposing organizations and the interested
public at large.
TABLE OF CONTENTS
Cover page - - - - - - - - i
Title page - - - - - - - - - - ii
Approval page - - - - - - - - - iv
Dedication - - - - - - - - - - v
Acknowledgement - - - - - - - - vi
Abstract - - - - - - - - - - viii
Table of content - - - - - - - - - ix
CHAPTER ONE - Introduction
1.0 Background of the study - - - - - - 1
1.1 Historical Background of Oando Nigeria Plc - - - 3
1.2 Statement of the problem - - - - - - 5
1.3 Objective of the study - - - - - - - 6
1.4 Significance of the study - - - - - - 8
1.5 Research questions - - - - - - - 9
1.6 Statement of hypotheses - - - - - - 10
1.7 Scope and limitation of the study - - - - - 10
1.8 Definition of terms - - - - - - - 12
CHAPTER TWO - Review of Related Literature
2.0 Introduction - - - - - - - - 14
2.1 Merger and Acquisition (Definitions) - - - - 14
2.2 Types of Merger - - - - - - - - 16
2.3 Strategies for business survival - - - - - 18
2.4 Motive behind merger and acquisition - - - - 19
2.5 Reason for merger and acquisition preference over
Investment in new business generated from scratch - - 23
2.6 Procedure for effective merger - - - - - 26
2.7 Method of financing merger - - - - - - 28
2.8 The effects of merger and acquisition - - - - 35
2.9 Legal issues in M & A - - - - - - - 36
2.10 Regulation of M & A in Nigeria - - - - - 37
CHAPTER THREE
RESEARCH METHODOLOGY
3.0 Introduction- - - - - - - - - 42
3.1 Area of study - - - - - - - - 42
3.2 Research design - - - - - - - - 43
3.3 Research population - - - - - - - 43
3.4 Sample and sampling techniques - - - - - 44
3.5 Data collection instruments - - - - - - 44
3.6 Data collection methods - - - - - - 46
3.7 Validity and reliability of the instrument - - - - 46
3.8 Administration of research instruments - - - - 47
3.9 Techniques of data analysis (mode) - - - - 47
CHAPTER FOUR - Presentation and Analysis of Data
4.0 Introduction - - - - - - - - 49
4.1 Respondent characteristic and classification - - - 49
4.2 Presentation and Analysis of data - - - - - 50
4.3 Testing of hypotheses - - - - - - - 58
4.4 Summary of findings - - - - - - - 60
CHAPTER FIVE - Summary, Conclusion and Recommendations
5.0 Introduction - - - - - - - - 62
5.1 Summary - - - - - - - - 62
5.2 Conclusion - - - - - - - - - 65
5.3 Recommendations - - - - - - - 65
Bibliography - - - - - - - - - - 68
Appendix