A Side-Effect of the Mergers and Acquisitions and the Consolidation of Credit Departments
- Topics:
- Bankruptcy
- Tags:
- Blakeley & Blakeley,
- Consolidation,
- Department,
- Finance,
- Investment,
- M&A,
- Mergers & Acquisitions
- Source:
- Blakeley & Blakeley
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Overview: This article is about mergers and acquisitions of companies who are at a record pace. Every industry seems to be transforming through mergers and acquisitions, from food to paper to telecommunications. As the credit professional knows, mergers of domestic companies may mean the elimination of the target of company's credit department as the companies attempt to achieve administrative cost savings. These mergers may mean the consolidation of credit departments and the adoption of a centralized or decentralized credit department, usually depending on the acquiring form. A side-effect of these mergers acquisitions is the risk that important dates with a company's accounts in bankruptcy may be missed, such a bar date to file a claim. For further details refer the article.
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Format: PDF | Size: 106KB | Date: Jan 2003 | Pages: 4
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