Fair value in squeeze-out of large mining companies

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dc.contributor.authorBartoš, Vojtěchcs
dc.contributor.authorVochozka, Marekcs
dc.contributor.authorJaníková, Jancs
dc.coverage.issue4cs
dc.coverage.volume26cs
dc.date.issued2021-12-31cs
dc.description.abstractThe objective of the paper was to evaluate and propose a method for the valuation of the purchase of minority interest in the squeeze-out of large mining companies in the Czech Republic. The research was conducted on a case of a specific company. An analysis of the relevant industry, potential, and financial analysis were performed. Based on these analyses, the method of DCF Equity (Discounted Cash Flow) was selected as a suitable method that can best capture and consider the specifics of the company assessed since, within this method, cash flows are discounted to the owners. The resulting fair value of the transaction reflects the stock market value to determine adequate cash settlement in squeeze-out. It sufficiently compensates the damage caused to the minority shareholder while accepting the price by the majority shareholder, who is willing to pay up to the amount corresponding to the benefits the transaction brings to them. In accordance with the IVS, the selected method is suitable for squeeze-out transactions, where legislators have the information on the values of the majority shareholder´s benefit and knows the value the minority shareholder is willing to accept in squeeze-out.en
dc.formattextcs
dc.format.extent712-731cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationActa Montanistica Slovaca. 2021, vol. 26, issue 4, p. 712-731.en
dc.identifier.doi10.46544/AMS.v26i4.10cs
dc.identifier.issn1335-1788cs
dc.identifier.orcid0000-0002-2984-275Xcs
dc.identifier.other176807cs
dc.identifier.researcheridP-7399-2017cs
dc.identifier.scopus57192412751cs
dc.identifier.urihttp://hdl.handle.net/11012/203984
dc.language.isoencs
dc.publisherTechnical University of Kosicecs
dc.relation.ispartofActa Montanistica Slovacacs
dc.relation.urihttps://actamont.tuke.sk/pdf/2021/n4/10bartos.pdfcs
dc.rightsCreative Commons Attribution 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1335-1788/cs
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/cs
dc.subjectSqueeze-outen
dc.subjectfair valueen
dc.subjectmarket valueen
dc.subjectmining companiesen
dc.subjectstocksen
dc.subjectshareholderen
dc.subjectDCF Equityen
dc.titleFair value in squeeze-out of large mining companiesen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-176807en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:17en
sync.item.modts2025.01.17 16:43:55en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav financícs
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