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Case Study: Ellerines and African Bank: A Toxic Acquisition Recipe - Part B

Title
Ellerines and African Bank: A Toxic Acquisition Recipe - Part B 

Author
Dr Odongo Kodongo, Claire Beswick and Helen van den Berg 

Pages
11 pages 

Product Type
Case 

Reference #
WBS-2015-17 

Teaching Note
Not available 

Institute

Setting
South Africa  

Year
2015 

Keywords
Finance, Corporate Finance, Mergers and Acquisitions



Summary/
Abstract
In August 2014, seven years after Ellerine Holdings Limited (EHL) had been purchased by African Bank Investments Limited (ABIL), the board of EHL announced that EHL and Ellerine Furnishers (Pty) Ltd (EF) had applied for voluntary business rescue. The new EHL chief executive officer, Mano Moodley, and his board wondered if their decision to partner with ABIL had been too hasty. If they had chosen an alternative partner, would the outcome have been different?

 


 

 

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