Mergers, Acquisitions, and Other Restructuring Activities

5th Edition

An Integrated Approach to Process, Tools, Cases, and Solutions

Print ISBN: 9780123748782
eBook ISBN: 9780080952055
Imprint: Academic Press
Published Date: 26th August 2009
Page Count: 788
103.00 + applicable tax
62.99 + applicable tax
103.00 + applicable tax
78.95 + applicable tax
Compatible Not compatible
VitalSource PC, Mac, iPhone & iPad Amazon Kindle eReader
ePub & PDF Apple & PC desktop. Mobile devices (Apple & Android) Amazon Kindle eReader
Mobi Amazon Kindle eReader Anything else

Institutional Access


In the fifth edition of this well-known text, Dr. DePamphilis explains the real world of mergers, acquisitions, and restructuring based on his academic knowledge and personal experiences with over 30 such deals himself. The CDROM and password-protected website for students is unique in enabling students to download and customize content. Important enhancements unique to the fifth edition: all 99 cases involve real-life deals made or announced within the last five years, extensive discussions of all current valuation techniques and their strengths and weaknesses, cross-border transactions analyzed and explained in detail, tax and legal issues covered comprehensively. Student Resource CDROM contains with hundreds of practice problems in interactive tests providing immediate feedback and solutions, chapter outlines, and selected case study solutions. Complete on-line instructor's manual completely updated as well including test bank with hundreds of questions not provided to students, in multiple choice, true false and essay format and all with answers, case study questions and solutions, ppt slides for each lecture, and many other instructor resources. Instructors can load the test bank into their institutions LMS for randomized and scoring tests.

Key Features

Focuses on the REAL WORLD, not just theory. The 99 case studies span every industry and dozens of countries and show how deals are done rather than just the theory behind them. All cases fully updated for this edition. Cases all involve transactions that have occurred or been announced within the past 3-5 years. All cases have questions and problems and solutions for the instructors on protected website.

Dozens of excel-based models of valuation, cash flows and other key financial aspects of M&A decisionmaking are provided on the Student Resources CDROM. These are all interactive and can be downloaded and customized by the students or within the context of practice cases and tests with instructor provided data. The Interactive Learning Library puts the learning tools into the students hands to they can learn in their way on their time.

Extensive updating and enhanced content provided on reorganization, bankruptcy, and liquidation issues both inside and outside of bankruptcy court


MBA and advanced undergraduate and graduate Finance students taking courses in: Mergers & Acquisitions, corporate restructuring, corporate strategy

Table of Contents

Part 1: the Mergers and Acquisitions Environment
Chapter 1: Introduction to Mergers and Acquisitions
Chapter 2: Regulatory Considerations
Chapter 3: The Corporate Takeover Market: Common Takeover Tactics, Antitakeover Defenses, and Corporate Governance
Part 2: The Mergers and Acquisitions Process
Chapter 4: Planning: Developing Business and Acquisition Plans--Phases 1 and 2 of the Acquisitions Process
Chapter 5: Implementation: Search through closing--Phases 3-10
Chapter 6: Integration: Mergers, Acquisitions, and Business Alliances
Part 3: Merger and Acquisition Valuation and Modeling Concepts
Chapter 7: Primer on Cash Flow Valuation and Forecasting
Chapter 8: Applying Relative Valuation, Asset-Oriented, and Real Option Valuation Methods to Mergers and Acquisitions
Chapter 9: Applying Financial Modeling Techniques to Value and Structure Mergers and Acquisitions
Chapter 10: Analysis and Valuation of Privately Held Companies
Part 4: Deal Structuring and Financial Strategies
Chapter 11: Deal Structuring Process: Payment and Legal Considerations
Chapter 12: Deal Structuring Process: Tax and Accounting Considerations
Chapter 13: Financing Transactions: Leveraged Buyout Structures and Valuation
Part 5: Alternative Business and Restructuring Strategies
Chapter 14: Shared Growth and Shared Control Strategies: Joint Ventures, Partnerships, Strategic Alliances, and Licensing
Chapter 15: Alternative Exit and Restructuring Strategies: Divestitures, Spin-Offs, Carve-Outs, Split-Ups, and Split-Offs
Chapter 16: Alternative Exit and Restructuring Strategies: Reorganization and Liquidation Both Inside and Outside the Protection of Bankruptcy Court
Chapter 17: Cross Border Transactions: Analysis and Valuation


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© Academic Press 2010
Academic Press
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“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 Ma and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The book is up-to-date and teaches the state of the art techniques used today. The book contains numerous cases and spreadsheet support that enables the reader to put into practice everything that is covered. The combination of great writing and active case learning make this book the best I have seen in the Ma and restructuring arena.”
--Matthew T. Billett, Associate Professor of Finance, Henry B Tippie Research Fellow, University of Iowa

“I am happy to recommend the 5th edition of Mergers, Acquisitions, and Other Restructuring Activities. Having used prior editions of Don DePamphilis’ text, I can affirm that the newest edition builds on a firm foundation of coverage, real-world examples, and readability. My students have consistently responded favorably to prior editions of the book. In the newest edition, I was delighted to discover that Don is expanding his coverage of family-owned businesses, already a strength in his earlier editions that were distinguished by their coverage of the valuation of privately-held businesses. Additional attention is paid to restructuring, bankruptcy, and liquidation as well as risk management, which are clearly topics of interest to every business person in today’s economic climate.”
--Kent Hickman, Professor of Finance, Gonzaga University, WA

“This new edition is one of the most comprehensive books on mergers and acquisitions. The text combines theories, valuation models, and real-life cases to give business students an overall insight into the Ma deal process. The up-to-date real-life ex