Useful M&A Web Sites
The following sites illustrate the kinds of learning one can obtain about M&A from the world wide web. These are offered in the spirit of enlarging the M&A practitioner's analysis and business judgment. Though this is not an exhaustive list, these sites can provide a useful springboard to the resources of the larger web. While I believe the sources are reliable, the visitor must treat all data and resources obtained from them with the usual caution. The topic areas listed here are:
- Essential data sources in M&A.
- Deal search resources.
- Publications and information about M&A intermediaries and other players.
- Valuation analysis.
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www.secdata.com
This is the premier commercial database for research in M&A. - www.sec.gov
This site allows visitors to download free copies of filings with the U.S. Securities and Exchange Commission. An invaluable source of information for the M&A researcher. - www.sedar.com
Official site that provides access to most public securities documents and information filed by public companies and investment funds with the Canadian Securities Administrators (CSA) in the SEDAR filing system. -
www.disclosure.com
This commercial sources provides real-time and historical data on corporations generally, and with special sections on M&A. -
www.emap.com/cso/databank/
This data source provided by the Central Statistical Office in the United Kingdom offers historical information on acquisitions and other aspects of corporate financial performance. -
donedeals.nvst.com/
This 'done deals" database claims to offer the only comprehensive source of information on mid-market transactions, varying between $1 million and $100 million in size. Subscription required. -
www.cob.ohio-state.edu
See the "Financial Data Finder" at this website for the Finance Department at the Fisher College of Business at Ohio State University. This is an outstanding resource. -
www.1jump.com
Permits the researcher to "jump" to specific websites for companies-it minimizes search costs to get to a specific site. -
www.411stocks.com
Provides company-specific information, including beta estimates. -
www.hoovers.com
A commercial source for company information, news, and web links. -
www.edgarscan.tc.pw.com
This site permits the visitor to download the SEC's EDGAR files into HTML and Excel spreadsheet formats. -
www.bloomberg.com
The leading source for real-time financial markets news and information. -
www.econmagic.com
www.finweb.com/databases.htm
Other useful links to databases in finance and economics. -
www.newspage.com
www.newshound.com
The websites of clipping services that can help you follow developments in certain industries, and in M&A. Clipping services can assist the deal professional to Alisten to markets. -
www.theocc.com/market/infomemos/info_memos_form.jsp
Source of news about tender offers and other corporate events.
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www.nvst.com/opportunities/SrchOppMA.cfm
This is a commercial website of listings of buyers and sellers. Subscription required. -
www.mergernetwork.com
This is a commercial website of listings of buyers and firms for sale, as well as discussion groups and news. Requires a quarterly subscription.
- www.csfb.com
www.ml.com
The websites of First Boston, and Merrill Lynch, respectively. These contain interesting information on corporate finance generally, and M&A. -
www.privateequity.com
www.envista.com
www.vcworld.com
Websites for publications about venture capital and private equity. - www.nceo.org
Website about employee stock ownership. -
www.takeoverstockreport.com/
Website for Takeover Stock Report, providing information about possible targets, and developments in announced deals. Expensive. - www.hlhz.com
Website for Houlihan Lokey Howard & Zukin, specialty investment banking firm, and publisher of the Mergerstat newsletter, containing summaries of the current deal environment. -
www.berkshirehathaway.com
Warren Buffett's website. Source of his entertaining and wise annual report letters. -
www.japonica.com
Website of Japonica Partners, an "active" investment group. Contains interesting forums on M&A-related topics. -
www.lens-inc.com
Website for LENS Inc., which describes itself as "an $80 million investment firm that uses shareholder activism to increase the value of portfolio companies." -
www.assetalt.com
Website for Asset alternatives Inc., publisher of some influential newsletters, including The Private Equity analyst, Venture Capital & Health Care, and the Latin American Private Equity Analyst. -
www.arcchart.com
Website for ARCchart, an analytical firm that gives detailed linkages among firms, including equity interests, joint venture commitments, etc. Their practice is currently concentrated in telecommunications, multimedia, and information technology. -
www.jpmorgan.com
This is the website of J.P. Morgan. It contains interesting pages on emerging markets, and the path breaking Value At Risk (a.k.a. ARiskMetrics@) measure of exposure to currency volatility. - www.ifc.org
Website for International Finance Corporation of the World Bank. Source of good information on emerging markets, useful in cross-border valuation.
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valuation.ibbotson.com/industry_ccq/
Site of Ibbotson Associates' cost of capital analysis. Available for a fee. -
www.alcar.net/web/.../costofcapital/
Site of Alcar's cost of capital calculator. Estimates a weighted average cost of capital. -
www.irs.ustreas.gov/prod/cover.html/
Site of the U.S. Internal Revenue Service. A potential resource for corporate tax-related questions. -
www.foumilab.ch/ustax/ustax.html/
This site provides access to the U.S. Internal Revenue Code. -
www.taxweb.com/
This site offers information about federal, state and local taxes. -
www.intrepid.com/~robertl
A source of option valuation analyzers. -
miti.wallstreetnet.com/prod_bottom.html
Source of advanced valuation tools, especially related to options and fixed income securities. -
www.numa.com/
Contains options pricing software and tracking information.