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Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions / Edition 6
     

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions / Edition 6

by Donald DePamphilis
 

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ISBN-10: 0123854857

ISBN-13: 2900123854857

Pub. Date: 09/05/2011

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for additional research, and possessing subsequent histories that students can evaluate, case studies quickly go out of date, taking the best M&A books with them.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

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for additional research, and possessing subsequent histories that students can evaluate, case studies quickly go out of date, taking the best M&A books with them.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.

Product Details

ISBN-13:
2900123854857
Publisher:
Elsevier Science
Publication date:
09/05/2011
Edition description:
Older Edition
Pages:
784
Product dimensions:
6.50(w) x 1.50(h) x 9.50(d)

Related Subjects

Table of Contents

PART I THE MERGERS AND ACQUISITION 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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