Mergers, Acquisitions, and Other Restructuring Activities

Mergers, Acquisitions, and Other Restructuring Activities

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

10th Edition - August 13, 2019

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  • Author: Donald DePamphilis
  • eBook ISBN: 9780128150764

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Description

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Tenth Edition, is the most comprehensive and cutting-edge text available on the subject. Supported by recent peer-reviewed academic research, this book provides many recent, notable deals, precedent-setting judicial decisions, government policies and regulations, and trends affecting M&As, as well as takeover strategies and tactics. Today's policies, politics and economics are reflected in the book's 40 case studies, 90% of which involve deals either announced or completed during the last several years. These cases represent friendly, hostile, highly leveraged, and cross-border transactions in ten different industries, involving public and private firms and those experiencing financial distress. Sections discuss an overview of M&As, key regulations, common strategies and tactics, how managers may choose a business strategy from available options, valuation methods and basic financial modeling techniques, the negotiating process, how deal structuring and financing are inextricably linked, how consensus is reached during the bargaining process, the role of financial models in closing the deal and strategic growth options as alternatives to domestic M&As.

Key Features

  • Provides a rigorous discussion of the strengths and limitations of financial modeling as applied to M&A and how these models can be applied in various areas
  • Includes new academic research and updated/revised case studies
  • Presents updated M&A tactics and strategies, along with court cases and new regulations governing business combinations, valuation methodologies and financing

Readership

Upper-division undergraduates, graduate students, and professionals in courses on mergers and acquisitions, corporate restructuring, business strategy, management, and entrepreneurship. Among the professional audience are financial analysts, chief financial officers, operating managers, investment bankers, and portfolio managers

Table of 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 ACQUISITION VALUATION AND MODELING
    7. Merger and Acquisition Cash Flow Valuation Basics
    8. Relative, Asset-Oriented, and Real Option Valuation Basics
    9. Financial Modeling Basics
    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. Applying Financial Modeling to Value, Structure, and Negotiate Stock and Asset Purchases

    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

Product details

  • No. of pages: 584
  • Language: English
  • Copyright: © Academic Press 2019
  • Published: August 13, 2019
  • Imprint: Academic Press
  • eBook ISBN: 9780128150764

About the Author

Donald DePamphilis

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 Emeritus 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

Professor Emeritus of Computer Information Systems & Finance ,Department of Computer Information Systems & Finance , Loyola Marymount University ,Los Angeles, CA, USA

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  • Bjoern B. Thu Mar 17 2022

    Good book

    Well written and provides a good overview