Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Eleventh Edition presents the most current and comprehensive M&A information available. Organized according to the context in which topics normally occur in the M&A process, the book covers M&A environments, M&A processes, M&A valuation and modeling, deal structuring and financing strategies, and alternative business and restructuring strategies. Covering industries worldwide, this new edition illustrates the most germane strategies and tactics in today's marketplace. It includes substantially more ancillary materials than previous editions, including an extensive test bank, chapter summaries, and instructor and student PowerPoint slides.
More than 100 new references to relevant academic research published since 2018 make the 11th edition a balanced, comprehensive guide to the complex and dynamically changing world of M&A.
Key Features
- Provides a rigorous discussion on the strengths and limitations of financial modeling as applied to M&A
- Includes more than 270 empirical studies published in leading peer-reviewed journals published 2018-2020, all new since the 10th edition (2019)
- Presents updated M&A tactics and strategies as well as court cases and new regulations governing business combinations, valuation methodologies, and financing
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. Post-closing 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
- Instructors Manual
- Misc. Word docs.zip
- Section 1 Instructor PowerPoint Presentations with Commentary Final - Copy.zip
- Section 1 Instructor PowerPoint Presentations with Commentary Final.zip
- Section 2 Additional Case Studies on PowerPoint Slides Final.zip
- Section 3 Instructor Financial Models and Solutions.zip
- Section 3 Old Instructor Financial Models and Solutions.zip
- Section 4 Instructor Test Bank and Solutions.zip
This is a great book on M&A. It contains almost everything we need in learning corporate M&A activities, including short summaries of interesting real-world cases, key points, recent academic research results, well-organized and clear tables and figures, crisp summaries, comprehensive chapter discussion quesitons, and end of chapter cases studies. You will become an expert on M&A by reading this book thoroughly.
This is a very good textbook for a course on M&A.
This is a highly valuable resource for any course dealing in part or whole with M&A activity.