MERGER & ACQUISTIONS AND CORPORATE STRUCTURING

Paper Code: 
MFM 422
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

On completion of this course, the students will be able to;

CO 1: Understand the importance and different methods of corporate restructuring.

CO  2:   Understand   the   strategic

Approach in teaching: Interactive Lectures using whiteboards, Discussion, Reading assignments, Demonstration, Team teaching, Quiz.

 

Learning activities for the students:

Self-learning assignments, Effective questions, Solving problems of unsolved questions, Problem based learning-cases, Group learning teamwork, Giving Tasks.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual andgroup projects

perspective of Mergers & Acquisition.

 

CO     3:     Evaluate         the   strategic

 

perspective of Mergers & Acquisitions.

 

CO 4: Analyze the types of mergers

 

and acquisitions.

 

CO  5:     Analyze the  concept  and

 

reasons for takeovers.

 

CO  6:   Acquaint   students   about

 

corporate valuation in mergers and

 

acquisitions

 

 

12.00
Unit I: 

Mergers and Acquisition: An Introduction

Meaning of Merger and Acquisition, Motives of Merger and Acquisitions, types of merger, Merger and Acquisition problems, Stakeholder Expectations in Mergers and Acquisitions, Reasons for buying or selling a business.

 

12.00
Unit II: 

Mergers and Acquisitions: A Strategic Perspective

Process of Merger & Acquisition, Concept of Due Diligence ,Types of Due Diligence, Parties interested in Due Diligence, Steps in Due Diligence- Planning Phase, Data Collection Phase, Data Analysis Phase, Concept of Cross- border Acquisitions, Need for Cross- border Acquisitions.

 

12.00
Unit III: 

Corporate Restructuring

Meaning, Significance, Different Methods of Restructuring-Joint Ventures,

Sell Off and Spin Off, Divestitures, Equity Carve Out, Leveraged Buy Outs(LBO),Management Buy Outs (MBO), Master limited partnership, ESOP

 

12.00
Unit IV: 

Corporate Valuation

Introduction, Concept of Valuation-Fair Market Value, Fair Value, Book Value, Intrinsic Value, Replacement Value, Liquidation Value, Going Concern Value, Equity Interest Value, Insurable Value. Objectives of Valuation. Factors to be considered for valuation, ValuationApproaches– NetAssetValuationModel,PriceEarningRatioModel,Discounted Cash Flow Valuation

 

12.00
Unit V: 

Takeovers

Introduction, Reasons for Takeovers, Types of Takeovers, Takeover Tactics- Dawn Raid, Bear Hug, Saturday Night Special, Proxy Fight, Takeover Defenses- Divestiture, Crown Jewels, Poison Pill, Greenmail, White Knight, Advantages and Disadvantages of Takeovers.

 

 

Essential Readings: 
Essential Readings:
  • Sudarsanam Sudi, Creating Value from Mergers and Acquisitions, PHI Learning Private Limited, 2/e,2010.
  • Enrique R. Arzac, Valuation for Mergers, Buyouts & Restructuring, Wiley India (P) Ltd.,2009.
  • Chandrashekar Krishna Murthy & S.R Vishwanath, Merger Acquisitions & Corporate Restructuring, Sage Publication, 2007.
  • Weston, Takeovers, Restructuring and Corporate Governance, Pearson Education, 2/e,2011.
  • Shiv Ramu, Corporate Growth through Mergers and Acquisitions, Response Books,2006.

 

Suggested Readings:
  • Kuma r B Rajesh, Mergers and Acquisitions, Tata McGraw HillEducation,2011.
  • Kavita Shetty, Sharad R. Kale and Rajinder S. Aurora, Mergers and Acquisitions, Oxford University Press, 2011.
  • Gernard Picot, Handbook of International Mergers & Acquisitions, Palgrave Publishers Ltd., 2008.
  • John C. Michelson ,Restructuring for Growth, TMH, 2008.

 

 

References: 
E-resources:

 

Journals:

 

Academic Year: 
2023-2024
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