Leveling the M&A playing field MSLGROUP study reveals Chinese companies must often bear the burden of paying a 15 to 20 percent premium in an overseas acquisition. Where does the playing field differ? People would clearly prefer for their company to be acquired by a company from their own region. Asia comes second last to the Middle East Eastern Europe 11.4%
56.9% 62.2% 2.8%
83.3% 20.8%
21.3%
10%
7.3%
Asia
Western Europe 0.2%
North America
4.3%
3.1%
2.3%
8.1%
6.1%
Middle East Location of respondents U.S.
U.K.
58%
France
57%
consider the prospect of their company being acquired by a Chinese company as a threat
Four out of five
said they would be concerned if someone from China headed the company where they work
of the most pressing concerns are fundamental issues - working conditions, job losses, management style and ethical issues
US employees appear to be most concerned about their company being the target of an acquisition 51.5%
More than half rated their level of concern at 1 or 2 on a scale of 7. (1 being most concerned)
24.6%
U.K.
U.S. 7 100%
6 90%
5 80%
4 70%
3 60%
25.1%
25.0%
26.9%
50%
France 2
40%
1
30%
20%
10%
0%
Average
Corporate culture should not be underestimated 84.2% 55.5% 65.8% 68.5%
Corporate culture is clearly more important in the US than in the UK or France Q: Is a company’s culture important to you?
82.1% 55.6% 67.2% 68.3%
Four out of five
said they believe the culture of a company influences their work performance Q: In your opinion, how much does the culture within a company influence your work performance?
77.3% 54.9% 65.0% 65.7%
two thirds
said a company’s corporate culture would influence their decision to work there Q: Would the status of a company’s culture influence your decision to work there?
U.S.
U.K.
MSLGROUP questioned over 1,600 people aged 18 and over and living in the United States, United Kingdom and France from April 13 - 17, 2013. Using the Internet to question over 500 people in each of those countries, the aim was to be able to analyze their perceptions about corporate culture, their views about M&A, and Chinese companies buying companies in their respective home markets. www.mslgroup.com
France
Average