MERGER & ACQUISTIONS AND CORPORATE STRUCTURING

Paper Code:

MFM 325

Credits:

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 129. Understand the importance and different methods of corporate restructuring.

CO 130. Understand the strategic perspective of Mergers & Acquisition.

CO 131. Evaluate the strategic perspective of Mergers & Acquisitions.

CO 132. Analyze the types of mergers and acquisitions.

CO 133: Analyze the concept and reasons for takeovers.

CO 134: Acquaint students about corporate valuation in mergers and acquisitions

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 and group projects

12.00

Unit I:

Unit-1

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:

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:

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:

Unit-IV

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 V:

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:

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

References:

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.

E-resources: