| Covers the theory and practice of mergers and acquisitions. Topics to be discussed include: valuation techniques and its application to mergers; economic forces and timing of merger activity (merger waves); motives for mergers and acquisitions; market for corporate control, valuing synergies; valuing (target) firms for takeover; accounting for mergers; practical issues in mergers and acquisitions; hostile takeovers; forms of payment; M & A strategies (offensive strategies used by bidders and defensive strategies used by target firms); governance issues relating to the role of the board of directors in takeovers; best practices in mergers and acquisitions; empirical tests and stock market evidence of the benefits of mergers and acquisitions.Prerequisite(s): MBA 6403 . |
