Mergers, Acquisitions and Corporate Restructuring: Text and Cases

This revised edition of the well-known text provides a comprehensive and well-balanced overview of the entire spectrum of activities in merger transactions, acquisitions, and corporate restructuring process. It comprises of insightful modules on search for acquisitions, value drivers and target valuation, design of consideration, accounting and tax factors, cross border acquisitions, and the restructuring of equity and debt contracts. Intended for students with an interest in the financial, strategic, and business issues surrounding corporate restructuring, this book will take the readers through a rigorous understanding of valuation in a variety of corporate settings.

Mergers, Acquisitions, and Corporate Restructuring: Text and Cases incorporates seven brief cases and six full-length teaching cases that instructors can use for classroom discussion and for in-depth understanding of the issues at hand.

The book will help the readers answer crucial questions such as:

• When does it make sense to acquire or restructure a firm’s operations? 

• How does the structure of the deal affect the value creation potential?

• How much value will the acquisition or restructuring create? 

• What are some of the post-merger integration issues that managers face?

Chandrasekhar Krishnamurti is a Professor of Finance at the School of Commerce, University of Southern Queensland, Australia. He has held teaching positions at the National University of Singapore, Nanyang Business School (Singapore), Monash University, Auckland University of Technology, and the Indian Institute of Science (Bengaluru). He has a PhD in finance from the University of Iowa, USA. He has published in major international journals such as Financial Management, Journal of Banking and Finance, Journal of Corporate Finance, and Journal of Financial Research. The areas of his research interest are market microstructure, corporate governance, emerging markets, international finance, and carbon finance.

Vishwanath S. R. is a Professor of Finance at the School of Management and Entrepreneurship, Shiv Nadar University, Gautam Buddh Nagar, UP. He has held academic positions at S. P. Jain Institute of Management; T. A. Pai Management Institute; Emirates Institute for Banking and Financial Studies, Sharjah, UAE; and the Institute of Management Technology, Nagpur. He was a consultant with the Tata Management Training Center in Pune, India, during 2006–07.

He is the recipient of the Ruth Greene Memorial Award, the Best Workshop Case Award and the Jonathan Welch Award from the North American Case Research Association, and the Unilever-Dewang Mehta Best Professor in Financial Management Award. He has been nominated to Marquis Who’s Who in the World and Madison’s Who’s Who in the World.

He is the author of 6 books and 80 cases in corporate finance, investment management, and mergers, acquisitions, and corporate restructuring for various publications. His research examines trading mechanisms at stock exchanges, performance and risk taking by family firms, the value of certification and analyst recommendations of IPO firms, the effect of taxes on investor and corporate behavior, and the role played by anchor investors in the market for IPOs.

He has presented his research at major global conferences such as the European Financial Management Association Asian Conference, Asian Finance Association Annual Meeting, Journal of Corporate Finance Special Emerging Markets Conference, Financial Markets and Corporate Governance Conference, and the North American Case Research Association (NACRA) Annual Meeting.