Coming soon
International Joint Ventures, Mergers and Acquisitions
Course Objectives:
This course will enable the students to -
- Identify drivers and difficulties encountered in International Mergers and Acquisitions.
Course Outcomes (COs):
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Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
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Course Code |
Course Title |
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DBBA 601C |
International Joint Ventures, Mergers and Acquisitions |
CO 385: Understand conceptual framework of corporate restructuring. CO 386: Identify Value drivers and difficulties encountered in Mergers and Acquisitions. CO 387: Assess need and process of due diligence and different methods for valuation. CO 388: Analyze post-merger growth strategies and need for integration in Cross-border Acquisitions. CO 389: Observe legal provisions for merging entities. CO 390: Measure the effectiveness of corporate restructuring |
Approach in teaching: Power point presentations Case discussions Group Discussions Brainstorming, Reading Assignments
Learning activities for the students: Self-learning assignments, Chart Preparation, PPTs, Group Discussions |
Formative Assessment through group discussion, quiz, presentations, Analogy Prompt, Padlet, Kahoot Exit tickets, Class tests Summative assessment through Quiz, Semester end examination, Assignments, Presentation, Individual and group projects |
Concept, Reasons for restructuring, Barriers to restructuring, Types of Corporate Restructuring, Implications of Corporate restructuring
Joint Ventures and Strategic Alliances: Concept & Meaning of Joint Ventures and Strategic Alliances, Need & Types of Joint Ventures and Strategic Alliances, Structures & Problems faced in Joint Ventures and Strategic Alliance.
Concept of mergers and acquisitions, genesis of mergers and acquisitions, classification of mergers, types of acquisitions, Tools for Analysis, Process of Mergers and Acquisitions, reasons for failure of Mergers and Acquisitions, Financing Mergers and Acquisitions, Earn-outs, Reverse Merger
Concept and Need of Due Diligence, Process of Due Diligence, Types of Due Diligence.
Valuation: Concept, Methods of Valuation, Factors affecting valuation basics, methods of valuation, cash flow approaches, economic value added (EVA), sensitivity analysis, valuation under takeover regulation, valuation for slump sale, cost-benefit analysis and swap ratio determination
Concept and need, Benefits, Difficulties in Cross Border Acquisitions
Post-Merger Issues: Concept, Issues involved in integration, Tools used for integration, Post-merger Growth Strategies, Human Side of Mergers and Acquisitions, Demerger and its types
Takeover: Concept, Forms of Takeover, Takeover Defences, Benefits and Disadvantages of Takeover
Companies Act, 1956, SEBI (Buyback of Securities) Regulations 1998, SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997, SEBI (Delisting of Securities) Guidelines, 2003 Corporate Governance Issues, Provisions of Income Tax Act, 1961, FEMA, 1999, Competition Act, 2002
• Weston, Fred; Chung, Kwang S. & Siu, Jon A.: Takeovers, Restructuring and Corporate Governance, 2nd edition, Pearson Education
• Sundarsanam, Creating Value from Mergers and Acquisitions, 2nd edition, Pearson Education
• Ramanujam S., Mergers: The New Dimensions for Corporate Restructuring, 4th edition, McGraw Hill
Suggested Readings:
• Narayankar, Ravi, Merger and Acquisitions Corporate Restructuring, Strategy and Practices, 3rd edition, International Book House Pvt. Ltd.
• Ray Kamal Ghosh, Mergers and Acquisitions, Eastern Economy Edition, Prentice Hall of India
• Aurora, Shetty and Kale, Mergers and Acquisitions, 2nd edition, Oxford University Press
E-Resources:
• https://jstor-iisu.refread.com/stable/j.ctv5qdjtn
Journals:
• ICFAI Journal of Mergers & Acquisitions
