The case focuses on the emergence of Neycer as an acquisition target for Spartek. The case would seek discussion of Neycer's background, how it became a takeover target, the strategic fit between Neycer and Spartek, and valuation of Neycer for acquisition. The case could extend discussions on the details of various valuation methods, if required. The case would also expect discussions on possible problems in integrating Neycer with Spartek and the probability of success with the takeover target.