Mergers, Acquisitions, and Other Restructuring Activities book cover

Mergers, Acquisitions, and Other Restructuring Activities

Winner of the 2014 Textbook Excellence Award (Texty) from The Text and Academic Authors Association.

Mergers, acquisitions, and restructuring transactions reveal the inner workings of our economy. Every student and professional should understand their parts, what they are intended to accomplish, and what their competitive, strategic, and value consequences are. In the 7th Edition of Mergers, Acquisitions, and Other Restructuring Activities, Donald DePamphilis looks into the heart of current economic trends. He includes a new chapter on the ways deals are financed, and more than 85% of the 54 integrative case studies are new and involve transactions that have been announced or completed since 2010. This new edition anchors its insights and conclusions in the most recent academic research, with references to more than 170 empirical studies published in leading peer-reviewed journals since 2010. Practical exhibits, case studies involving diverse transactions, easy-to-understand numerical examples, and hundreds of discussion questions and practical exercises are included. This substantially updated content, supplemented by questions from CFA Institute examinations, offers the only comprehensive exploration of today's business transactions.

Audience
Advanced undergraduate, graduate, and MBA students worldwide taking courses in mergers & acquisitions, corporate restructuring, valuation, and corporate strategy.

Hardbound, 768 Pages

Published: October 2013

Imprint: Academic Press

ISBN: 978-0-12-385487-2

Reviews

  • “This is a truly comprehensive text and does a wonderful job at supplying the underlying motives and theory as well as the critical “in practice” elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The combination of great writing and active case learning make this book the best I have seen in the M&A and restructuring arena.”--Matthew T. Billett, University of Iowa


Contents

  • PART I-The Mergers and Acquisitions Environment

    1. Introduction to Mergers, Acquisitions, and Other Restructuring Activities

    2. The Regulatory Environment

    3. The Corporate Takeover Market: Common Takeover Tactics, Anti-Takeover Defenses, and Corporate Governance

    PART II-The Mergers and Acquisitions Process: Phases 1-10

    4. Planning: Developing Business and Acquisition Plans: Phases 1 and 2 of the Acquisition Process

    5. Implementation: Search Through Closing: Phases 3 to 10 of the Acquisition Process

    6. Postclosing Integration: Mergers, Acquisitions, and Business Alliances

    PART III-Merger and Acquisitions Valuation and Modeling

    7. Merger and Acquisition Cash Flow Valuation Basics

    8. Relative, Asset-Oriented, and Real Option Valuation Basics

    9. Applying Financial Models to Value, Structure, and Negotiate Mergers and Acquisitions

    10. Analysis and Valuation of Privately Held Companies

    PART IV-Deal Structuring and Financing Strategies

    11. Structuring the Deal: Payment and Legal Considerations

    12. Structuring the Deal: Tax and Accounting Considerations

    13. Financing the Deal: Private Equity, Hedge Funds, and Other Sources of Funds

    14. Highly Leveraged Transactions: LBO Valuation and Modeling Basics

    PART V-Alternative Business and Restructuring Strategies

    15. Business Alliances: Joint Ventures, Partnerships, Strategic Alliances, and Licensing

    16. Alternative Exit and Restructuring Strategies: Divestitures, Spin-offs, Carve-outs, Split-Ups, and Split-Offs

    17. Alternative Exit and Restructuring Strategies: Bankruptcy Reorganization and Liquidation

    18. Cross-Border Mergers and Acquisitions: Analysis and Valuation

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