Valuation for Mergers, Buyouts and Restructuring - Hardcover

Arzac, Enrique R.

Hardcover

ISBN 10: 047144944X ISBN 13: 9780471449447

Publisher: Wiley, 2004

Synopsis

Valuation is the starting point of any merger, buyout or restructuring decision. This book provides a unique combination of practical valuation techniques with the most current thinking to provide an up-to-date synthesis of valuation theory as it applies to mergers, buyouts and restructuring. The book will provide the understanding and the answers to the problems encountered in valuation practice, including detailed treatments of: free cash flow valuation; financial and valuation of leveraged buyouts (LBO's); Real Option Analysis as it applies to the valuation of entry and exit decisions; contract design to resolve differences of options in valuation and mergers and acquisitions; and valuation of special offer structures.

About this title

About the Author

Enrique R. Arzac is Professor of Finance and Economics at the Columbia University Graduate School of Business and Director of the Merger and Acquisitions programs for executives at Columbia Business School and London Business School. He is the author of many academic articles in financial economics and has been consultant to corporations and financial institutions in North and South America and Europe. He is a director of the Adams Express Company, Petroleum and Resources Corporation, and Credit Suisse Asset Management funds.

From the Back Cover

“Enrique Arzac has provided an excellent analytical framework for the LBO business.” —William T. Comfort, Chairman, Citigroup Venture Capital

"Enrique Arzac has created a masterpiece—his work combines the theoretical with the practical. He has created an invaluable reference guide that is thoughtful, complete and very user friendly.... His work should be standard material for all incoming associates.” —James P. McVeigh, Managing Director, Corporate & Investment Banking, Banc of America Securities

“By incorporating over 30 years of research, teaching, and practical experience, Professor Arzac has created a text that is not only timely, but timeless in its usefulness to anyone interested in learning the applications of financial theory for the best and most useful allocation of the scarcest economic resource in the world—capital.”—William W. Priest, Co-Managing Partner, Steinberg, Priest and Sloane Capital Management, Former Chairman and CEO of Credit Suisse Asset Mana gement

"Unlike other texts on valuation, [Arzac] explains the reasons for the process and sequence that he recommends rather than just providing the ingredients and the recipe without explanation. This is a welcome addition to the literature in applied corporate finance." —Joel M. Stern, Managing Partner, Stern, Stewart & Co.

Edition details

• Publisher: Wiley
• Publication date: 2004
• Language: English
• ISBN 10: 047144944X
• ISBN 13: 9780471449447
• Binding: Hardcover
• Number of pages: 448