Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions - Hardcover

DePamphilis, Donald

Hardcover

ISBN 10: 0128150750 ISBN 13: 9780128150757

Publisher: Academic Press, 2019

Synopsis

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Tenth Edition, is the most comprehensive and cutting-edge text available on the subject. Supported by recent peer-reviewed academic research, this book provides many recent, notable deals, precedent-setting judicial decisions, government policies and regulations, and trends affecting M&As, as well as takeover strategies and tactics. Today's policies, politics and economics are reflected in the book's 40 case studies, 90% of which involve deals either announced or completed during the last several years. These cases represent friendly, hostile, highly leveraged, and cross-border transactions in ten different industries, involving public and private firms and those experiencing financial distress.

Sections discuss an overview of M&As, key regulations, common strategies and tactics, how managers may choose a business strategy from available options, valuation methods and basic financial modeling techniques, the negotiating process, how deal structuring and financing are inextricably linked, how consensus is reached during the bargaining process, the role of financial models in closing the deal and strategic growth options as alternatives to domestic M&As.

• Provides a rigorous discussion of the strengths and limitations of financial modeling as applied to M&A and how these models can be applied in various areas
• Includes new academic research and updated/revised case studies
• Presents updated M&A tactics and strategies, along with court cases and new regulations governing business combinations, valuation methodologies and financing

About this title

About the Author

Donald M. DePamphilis has a Ph.D. in economics from Harvard University and has managed more than 30 acquisitions, divestitures, joint ventures, minority investments, as well as licensing and supply agreements. He is Emeritus Clinical Professor of Finance at the College of Business Administration at Loyola Marymount University in Los Angeles. He has also taught mergers and acquisitions and corporate restructuring at the Graduate School of Management at the University of California, Irvine, and Chapman University to undergraduates, MBA, and Executive MBA students. He has published a number of articles on economic forecasting, business planning, and marketing. As Vice President of Electronic Commerce at Experian, Dr. DePamphilis managed the development of an award winning Web Site. He was also Vice President of Business Development at TRW Information Systems and Services, Director of Planning at TRW, and Chief Economist at National Steel Corporation

From the Back Cover

Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions (10th Edition) is unique in that it is the most current, comprehensive, and cutting-edge text available on this subject. Supported by recent peer reviewed academic research, this book discusses topics in the context in which they occur in the M&A process.

It is current providing many of the most recent notable deals, precedent-setting judicial decisions, government policies and regulations, and trends affecting M&As, as well as takeover strategies and tactics. For example, the book discusses the implications of the US Tax Cuts and Jobs Act of 2017, data protection laws, and digital currencies for M&As. Today's policies, politics, and economics are reflected in the book's nearly 40 case studies, 90% of which involve deals either announced or completed during the last several years. These cases represent friendly, hostile, highly leveraged, and cross-border transactions in ten different industries, involving public and private firms as well as firms experiencing financial distress.

It is comprehensive in that all aspects of M&As and restructuring are explored in detail. Part I provides an overview of M&As, a discussion of key regulations, and common M&A strategies and tactics. Part II discusses how managers may choose a business strategy from available options; Part III introduces valuation methods and basic financial modeling techniques. The negotiating process, how deal structuring and financing are inextricably linked, how consensus is reached during the bargaining process, and the role of financial models in closing the deal are described in Part IV. Finally, Part V addresses strategic growth options as alternatives to domestic M&As, including corporate restructuring programs ranging from bankruptcy reorganization to business alliances to cross-border M&As.

It is cutting edge in that conclusions and insights are anchored by the most recent academic research, with references to more than 270 empirical studies published in leading peer-reviewed journals just since 2017. Often questioning conventional wisdom, the analyses and results of these academic studies can change the way we view this subject matter.

An online instructors' manual accompanying the text contains PowerPoint presentations (including instructor commentary on most slides) for each chapter, suggested learning objectives, recommended ways to teach the materials, detailed syllabi for both undergraduate- and graduate-level classes, and an exhaustive test bank. The test bank consists of more than 1,600 test questions and answers (including true/false, multiple choice, short essay questions, case studies, and computational problems), as well as solutions to end-of-chapter questions and case studies. Excel spreadsheets illustrate how models facilitate valuation and deal negotiation and financing.

Edition details

• Publisher: Academic Press
• Publication date: 2019
• Language: English
• ISBN 10: 0128150750
• ISBN 13: 9780128150757
• Binding: Hardcover
• Number of pages: 584