This dissertation has the purpose of analyzing the relevance of the Integration Process in the Cross-Border Mergers and Acquisitions. The choice of this topic is motivated by the importance of the phenomenon in the recent years. Cross-Border Mergers and Acquisitions suffered a slowdown but did not arrest even during the Covid-19 Pandemic. The scholars evidence, in particular, the relevance of the Integration process for the success or failure of the M&As (Steigenberger, 2017). The international nature of the Cross-Border transactions entails unique challenges for the Integration process related to the different Institutional and Cultural environment. To this end, in this dissertation the first Chapter is investigating the recent trends in the M&A market, in particular focusing on the Cross-Border transactions between Italy and the United States. The second Chapter is reviewing the argument from the theoretical point of view, focusing on the Integration process and the role of the Institutions and the Culture. Finally, in the third Chapter it is proposed an Acquisition case of an Italian company, Zhermack S.p.A., by an American company, Dentsply International Inc., from which there could be derived relevant theoretical implications.

Cross-Border M&A and the Integration Process: the Zhermack Case

CIRTICA, ANA MARIA
2021/2022

Abstract

This dissertation has the purpose of analyzing the relevance of the Integration Process in the Cross-Border Mergers and Acquisitions. The choice of this topic is motivated by the importance of the phenomenon in the recent years. Cross-Border Mergers and Acquisitions suffered a slowdown but did not arrest even during the Covid-19 Pandemic. The scholars evidence, in particular, the relevance of the Integration process for the success or failure of the M&As (Steigenberger, 2017). The international nature of the Cross-Border transactions entails unique challenges for the Integration process related to the different Institutional and Cultural environment. To this end, in this dissertation the first Chapter is investigating the recent trends in the M&A market, in particular focusing on the Cross-Border transactions between Italy and the United States. The second Chapter is reviewing the argument from the theoretical point of view, focusing on the Integration process and the role of the Institutions and the Culture. Finally, in the third Chapter it is proposed an Acquisition case of an Italian company, Zhermack S.p.A., by an American company, Dentsply International Inc., from which there could be derived relevant theoretical implications.
2021
Cross-Border M&A and the Integration Process: the Zhermack Case
Cross-border M&A
Integration
Acquisition
Merger
M&A
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/20.500.12608/10731