Distressed Corporate Restructurings and Reorganizations

Reorganizations and restructurings occur more frequently than their well-known siblings, mergers and acquisitions, and revolve around applications of valuation principles. This unique examination of reorganizations and restructurings in distressed companies, written by the past editor of Financial Management , the largest circulation journal in the field of finance, and a member of the Academic Advisory Committee for the Turnaround Management Association, moves logically from general valuation to the valuation of distressed restructurings. By providing a simple, sound economic framework for understanding restructurings and reorganizations, it emphasizes a technique-based approach. Cases and extensive analyses help readers understand situations, choose appropriate tools, make necessary adjustments, and execute plans. Distinctly different from mergers and acquisitions textbooks, Distressed Corporate Restructurings and Reorganizations improves everyone's chances of making money.