Description

The Synergies Challenge walks through the end-to-end process of identifying, estimating, and evaluating synergies in mergers and acquisitions, using Analog Devices’ acquisition of Maxim Integrated as a real-world case study.

Learning Objectives


  1. Review a press release to identify management s expectations for synergies an acquisition.
  2. Estimate the sources of expected synergies from an acquisition.
  3. Calculate and compare pro forma gross profit and EBITDA margins.
  4. Identify cost savings opportunities.
  5. Express synergies as a percentage of last twelve months (LTM) revenue.
  6. Walk through a detailed financial analysis of post-acquisition performance, demonstrating how to extract and interpret data from financial statements to calculate EBITDA, assess synergy realization, and compare actual results to pro forma expectations.