Mergers, Acquisitions, and Other Restructuring Activities

6th Edition

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

Authors: Donald DePamphilis
Hardcover ISBN: 9780123854858
eBook ISBN: 9780123854865
Imprint: Academic Press
Published Date: 22nd August 2011
Page Count: 784
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Description

Two strengths distinguish this textbook from others.  One is its presentation of subjects in the contexts where they occur.  Students see different perspectives on subjects and learn how complex and dynamic the mergers and acquisitions environment is.  The other is its use of current events.  Of its 72 case studies, 3/4 are new or have been updated.  The implications of Dodd-Frank and US Supreme Court rulings affecting the Sarbanes-Oxley Act, among other regulatory changes, are developed to enhance teaching and learning experiences.  Other improvements to the 6th edition have shortened and simplified chapters, increased the numbers and types of pedagogical supplements, and expanded the international appeal of examples.  With a renewed focus on empirical  and quantitative examples, the 6th edition continues to demonstrate how people work together on mergers and acquisitions and why the actions of specific individuals have far-reaching implications.

Key Features

  • Presents an integrated approach to the activities involved in mergers, acquisitions, business alliances, and corporate restructurings.
  • All chapters have been revised, updated, and contain new content, and 14 include more extensive changes. Structural revisions make chapters more streamlined, shorter, and less complex.
  • Case studies cover a dozen industries, and 75% are new or have been updated. All include discussion questions and answers. 

Readership

Undergraduate and graduate students worldwide working on mergers & acquisitions, corporate restructuring, business strategy, management, and entrepreneurship. 

Table of Contents

Dedication

List of Business Case Studies

Preface

Acknowledgments

About the Author

PART I. The Mergers and Acquisitions Environment

Introduction

Chapter 1. Introduction to Mergers and Acquisitions

Inside M&A: dell moves into information technology services

Chapter overview

Mergers and Acquisitions as Change Agents

Why Mergers and Acquisitions Happen

Merger and acquisition waves

Why It Is Important to Anticipate Merger Waves

Alternative forms of corporate restructuring

Friendly versus hostile takeovers

The role of holding companies in mergers and acquisitions

The role of employee stock ownership plans in M&As

Business Alliances as Alternatives to Mergers and Acquisitions

Participants in the Mergers and Acquisitions Process

Alternative investors and lenders

Activist Investors and M&A Arbitrageurs

Do M&As pay off for shareholders, bondholders, and society?

Why some M&As fail to meet expectations

Long-term performance

Some things to remember

Chapter business cases

Chapter 2. Regulatory Considerations

Inside M&A: The limitations of regulation and the lehman brothers meltdown

Chapter overview

Federal securities laws

Antitrust laws

Dodd-frank wall street reform and consumer protection act

State Regulations Affecting Mergers and Acquisitions

National Security-Related Restrictions on Direct Foreign Investment in the United States

The U.S. foreign corrupt practices act

Fair disclosure (regulation FD)

Regulated Industries

Environmental laws

Labor and benefit laws

Cross-border transactions

Some Things to Remember

Chapter Business Cases

Chapter 3. The Corporate Takeover Market

Inside M&A: kraft sweetens

Details

No. of pages:
784
Language:
English
Copyright:
© Academic Press 2011
Published:
Imprint:
Academic Press
eBook ISBN:
9780123854865
Hardcover ISBN:
9780123854858

About the Author

Donald DePamphilis

Donald M. DePamphilis has a Ph.D. in economics from Harvard University and has managed more than 30 acquisitions, divestitures, joint ventures, minority investments, as well as licensing and supply agreements. He is currently Clinical Professor of Finance at the College of Business Administration at Loyola Marymount University in Los Angeles. He has also taught mergers and acquisitions and corporate restructuring at the Graduate School of Management at the University of California, Irvine, and Chapman University to undergraduates, MBA, and Executive MBA students. He has published a number of articles on economic forecasting, business planning, and marketing. As Vice President of Electronic Commerce at Experian, Dr. DePamphilis managed the development of an award winning Web Site. He was also Vice President of Business Development at TRW Information Systems and Services, Director of Planning at TRW, and Chief Economist at National Steel Corporation.

Affiliations and Expertise

Clinical Professor of Finance, Loyola Marymount University, Los Angeles, CA, USA

Reviews

"Mergers, Acquisitions, and Other Restructuring Activities, 6th ed. delivers an essential understanding of the corporate restructuring processes by combining insights from many case studies with academic rigor. The book points out how M&A can create value as well as the ways it can lead to value destruction. In addition to the state of the art valuation techniques, it also explains the regulatory corporate governance framework for both the US and Europe. It's an excellent text, and I highly recommend it."

- Luc Renneboog, Professor of Corporate Finance, CentER, Tilburg University

 

"Great text book that in a simple and straightforward manner combines the latest insights from academia with contemporary industry practices. It fits perfect in a class of MBA students or executives. I will for sure use it next time I teach M&A."

-Karin Thorburn, DnB Nor Professor of Finance, Norwegian School of Economics and Business Administration

 

"DePamphilis has masterfully covered in one book all relevant managerial, strategic, financial, accounting, legal and tax aspects of M&A into an easily understood roadmap for any M&A transaction, large or small. With totally up-to-date material, he provides the crucial information that is necessary in today's rapidly changing M&A world."

-Lloyd Levitin, Professor of Clinical Finance and Business Economics, University of Southern California

 

"Mergers, Acquisitions, and Other Restructuring Activities is quite simply an outstanding text.  Don DePamphilis delivers a comprehensive guide to the M&A process from start to finish.   The  reader is exposed to the latest thoughts on valuation methods as well as the myriad of alternative corporate asset restructuring decisions available to today’s managers and how to best evaluate each.  The book is punctuated with numerous up-to-date c