Course Description
Application of corporate finance concepts to mergers and acquisitions and corporate governance. The topics will include Mergers and Acquisitions, Corporate Governance, and Restructurings. The tools, techniques, and theories of finance are applied to actual business decisions.
Additional Requirements for Graduate Students:
Graduate students will be expected to analyze and prepare a short report on a recent M&A transaction, including the motivations for the merger and the valuation techniques. Graduate students (MACC and MBA) will analyze and prepare a report analysis of a recent M&A transaction. The report will outline the motivations for the merger, the method used in the M&A transaction, and the valuation methods in the transaction. The report will be presented to the class.
Athena Title
Mergers and Acquisitions
Equivalent Courses
Not open to students with credit in FINA 4205 or FINA 6205
Non-Traditional Format
This course will be taught 95% or more online.
Undergraduate Prerequisite
(FINA 3000 or FINA 3000H or FINA 3000E) and FINA 4200
Graduate Prerequisite
FINA 3000 or FINA 3000H or FINA 3000E or FINA 7100
Grading System
A - F (Traditional)
Course Objectives
Students will learn to apply corporate finance concepts to mergers and acquisitions (M&A), corporate restructuring, and corporate governance. Students will consider principles tied to market efficiency and valuation and examine the impact of technology and politics on corporate organization and performance.
Topical Outline
I. The Causes of Merger Activity 1. Introduction 2. Merger Structure 3. Regulatory Framework 4. Merger Strategy 5. The Merger Process 6. Theories of Mergers 7. Banking Industry II. The Effects of Merger Activity 8 Timing of Merger Activity 9. The Telecommunications Industry 10. Market Efficiency 11. Empirical Evidence on M&A 12. Industry Studies 13. Stock Exchange Mergers III. Valuation 14. M&A Valuation 15. M&A Valuation (continued) IV. Restructuring and Governance 16. Corporate Restructuring 17. Empirical Restructuring Evidence 18. Private Equity 19. Corporate Governance 20. Review
Syllabus