Module V· Contribution Analysis & Shareholder DilutionAdvanced
Question
How do you model mismatch between contribution and ownership in an MoE negotiation?
Answer
Build a table comparing each party's contribution to revenue, EBITDA, EBIT, net income, FCF, market value, and standalone valuation. Then compare to proposed ownership. The mismatch shows value transfer. Negotiation levers include exchange ratio, special dividend, governance rights, board seats, headquarters, synergy sharing, and collars.