Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions / Edition 5

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions / Edition 5

by Donald DePamphilis
     
 

ISBN-10: 012374878X

ISBN-13: 9780123748782

Pub. Date: 08/26/2009

Publisher: Elsevier Science

Case studies make an important contribution to students learning about mergers and acquisitions. Though placing theories and measurements in real-world settings, providing opportunities for additional research, and possessing subsequent histories that students can evaluate, case studies quickly go out of date, taking the best M&A books with them.

Don DePamphilis has

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Overview

Case studies make an important contribution to students learning about mergers and acquisitions. Though placing theories and measurements in real-world settings, providing opportunities for additional research, and possessing subsequent histories that students can evaluate, case studies quickly go out of date, taking the best M&A books with them.

Don DePamphilis has updated all business cases and chapters for this new edition and has added 18 new cases. All the cases include study questions, and many possess answers in the Appendix.

In general, a "merger" can be a legal or structural event or an economic one. From a structural standpoint, a merger is a combination of two firms in which only one firm's identity survives. In a typical merger, shareholders of the target firm exchange their shares for those of the acquiring firm. From an economic perspective, a merger can be either horizontal (between two firms in the same industry), conglomerate (the acquiring company purchases firms in largely unrelated industries), or vertical (in which two firms participate at different states of the production or value chain). An "acquisition" occurs when one company takes a controlling ownership interest in another firm, a legal subsidiary of a firm, or selected assets of another firm (such as a manufacturing facility). "Restructuring" includes actions taken to expand or contract a firm's basic operations or fundamentally change its asset or financial structure.

Key Features

* Includes 18 new case studies; all 70 cases have been updated

* Instructor's Manual available on the web; includes practice problems and solutions

* Accompanying CD includes a set of Excel spreadsheets that will supplement Chapter 8

Author Biography: 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.

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Product Details

ISBN-13:
9780123748782
Publisher:
Elsevier Science
Publication date:
08/26/2009
Edition description:
Older Edition
Pages:
800
Product dimensions:
7.50(w) x 10.40(h) x 1.90(d)

Table of Contents

Preface to the Second Edition
Pt. IThe Mergers and Acquisitions Environment
1Introduction to Mergers and Acquisitions
2Regulatory Considerations
3Common Takeover Tactics and Defenses
Pt. IIThe Mergers and Acquisitions Process: Phases 1-10
4Planning: Developing Business and Acquisition Plans - Phases 1 and 2 of the Acquisition Process
5Implementation: Search Through Closing - Phases 3-10
6Integration: Mergers, Acquisitions, and Business Alliances
Pt. IIIMerger and Acquisition Tools and Concepts
7A Primer on Merger and Acquisition Valuation
8Applying Financial Modeling Techniques to Value and Structure Mergers and Acquisitions
9Analysis and Valuation of Privately Held Companies
10Structuring the Deal: Payment, Legal, Tax, and Accounting Considerations
Pt. IVAlternative Strategies and Structures
11Leveraged Buyout Structures and Valuation
12Shared Growth and Shared Control Strategies: Joint Ventures, Partnerships, Strategic Alliances, and Licensing
13Alternative Exit and Restructuring Strategies: Divestitures, Spin-Offs, Carve-Outs, Split-Ups, Bankruptcy, and Liquidation
Pt. VPutting It All Together
14The Acquisition Process: The Gee Whiz Media Case
AppSolutions to Selected Chapter Business Case Study Discussion Questions
Index

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