Course Syllabus
FIN4212 Mergers and Acquisitions
PDF
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Code
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FIN4212
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Title
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Mergers and Acquisitions
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Credits
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3
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Description
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The course focuses an mergers, acquisitions and other restructurings as a vital part of overall modern-day corporate business strategy. The course introduces a framework, that helps corporations to plan, design, analyze, and implement mergers and acquisitions (M&A) to create, and in some cases, preserve corporate value. The students will learn meaning and motives behind the M&A, their types, advantages and disadvantages of each type.
The course also reviews key financial drivers of the market value, financial analysis and valuation methods applied to M&A. It explains stages of M&A process, studies potential problems encountered in post-merger integration and provides prerequisites for a successful merger.
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Objectives
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Understand strategy and uses of M&A.
Identify the language and processes of M&A.
Estimate value of target firm and synergy of M&A.
Conduct other M&A valuation analysis.
Understand the basic structure of M&A transactions.
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Outcomes
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Upon successful completion of this course, students should be able to:
Understand the strategic framework of various M&A scenarios.
Understand regulatory considerations of M&A
Recognize steps in M&A process and determine specific goals for each phase.
Comprehend the meaning of a proposed M&A transaction and understand value distribution between the seller and to the buyer.
Perform financial forecast and analysis of the proposed M&A.
Understand payment, legal and tax considerations of M&A transactions.
Understand and distinguish between various structures of M&A transactions.
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Assessment
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60 % -first and second assessments
40 % -final assessment
- Tentative course outline
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Week1
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Introduction to the course and Syllabus
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Week2
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An Introduction to Mergers, Acquisitions, and Other Restructuring Activities
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Week3
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The Regulatory Environment, The Corporate Takeover Market
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Week4
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The Regulatory Environment, The Corporate Takeover Market
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Week5
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Implementation: Search Through Closing
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Week6
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Review and Midterm 1, Home Assignments starts
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Week7
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Postclosing Integration
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Week8
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Postclosing Integration
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Week9
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Mergers and Acquisitions Cash Flow Valuation Basics
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Week10
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Relative, Asset-Oriented, and Real Option Valuation Basics
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Week11
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Financial Modeling Basics, Analysis and Valuation of Privately Held Firms
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Week12
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Review and Midterm 1, Home Assignments first part due
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Week13
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Structuring the Deal, Financing the Deal
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Week14
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Applying Financial Models
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Week15
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Alternative Exit and Restructuring Strategies