Quantified Financial Benefit Statements (“QFBS”), formerly known as ‘merger benefits’ or ‘synergy statements’, are an important value driver in any public company deal.
Such statements are subject to significant regulatory disclosure and reporting requirements under the City Code on Takeovers and Mergers (the “City Code”), when made in relation to the takeover of a UK public company. Similar rules existing under the Listing Rules for Class 1 transactions by a UK public company.
With this in mind, PwC has produced this short, but comprehensive brochure which summarises our views on how to successfully navigate the UK capital market requirements for synergy and cost savings statements and our views on the success factors for maximising the value of your synergies. It also sets out how we can advise and assist you throughout the entire synergies process – from pre-deal formulation; through external, independent reporting; and ultimately to post deal synergies realisation and integration.
We can support you in all stages of the synergy or cost saving process, regardless of the type of deal, and we can work with you in both an assurance and non assurance capacity.