Mergers & Acquisitions

1.5 units

This course focuses on identifying ways to increase firm value through mergers and acquisitions (M&A). We will survey the drivers of success and failure in M&A transactions, develop your skills in deal design, explore the deal process, and develop LBO and merger models similar to those used by investment bankers. Other topics addressed in the course include M&A regulation, the sell-side and buy-side M&A process, valuations, takeover strategies and antitakeover defenses, structuring transactions to minimize tax consequences, the acquisition method of accounting, merger arbitrage, and auction vs. negotiation sale processes. Students may not earn credit in both FIN 5232 and FIN 6232.