A team of students from the Tuck School of Business took the top prize of $10,000 in the fifth annual UBS Investment Banking Case Competition, held earlier this month at the Zurich-based bank’s U.S. headquarters in New York. The winning team of Kapil Gupta, Jed Talvacchia, Dan Taron, and Jeff Zhou, members of the Class of 2014, also received invitations to first-round job interviews with the bank. Tuck students also won the competition in 2010.
As part of the competition, the students were asked to solve a real-world merger and acquisitions case. The students had six hours to analyze the case and develop a boardroom presentation showing their recommendation before presenting to a panel of UBS bankers, who served as judges.
The case asked students to evaluate two alternative acquisition bids available to Sunshine, a publicly traded company in the telecommunications industry. One bid was from a strategic buyer that offered 50 percent in cash and 50 percent in stock. The competing bid was from a private equity firm with a slightly lower all-cash offer. After developing a detailed evaluation framework that examined potential synergies between the companies, regulatory risks, and shareholder value, the team proposed the cash and stock bid be accepted.
Other competitors included teams from Columbia Business School, the Yale School of Management, the University of Pennsylvania Wharton School, the New York University Stern School of Business, and the University of Chicago Booth School of Business.
↧