Note: Each question carries 10 Marks. Answer all the questions.

Q.1 What are the basic steps in strategic planning for a merger?

Q.2 What are the sources of operating synergy?

Q.3 Explain the process of a leveraged buyout.

Q.4 What are the cultural aspects involved in a merger. Give sufficient examples.

Q.5 Study a recent merger that you have read about and discuss the synergies that resulted from the merger.

Q.6 What are the motives for a joint venture, explain with an example of a joint venture.