Valuation, Mergers and Acquisitions

3 units

This course considers issues faced by corporate financial managers with respect to the valuation of projects, divisions, and entire companies. The prime focus is on assessing the profitability of different business alternatives in a forward-looking sense. The course is "hands-on" and heavily focuses on direct applications of the valuation tools used by managers, particularly in the context of mergers and acquisitions. Topics covered will include the cost of capital and various valuation techniques, including discounted cash flows (DCF) with WACC and multiples.