Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Ninth Edition, is the most current, comprehensive and cutting-edge text on M&A and corporate restructuring available. It includes many of the most up-to-date and notable deals and precedent setting judicial decisions, as well as new regulations, trends and tactics employed in M&As. The implications of recent developments such as negative interest rates on valuation and the backlash against globalization for cross-border M&As are discussed.
More than 90% of the case studies are new for this edition, involving deals either announced or completed during the last several years. It is comprehensive in that nearly all aspects of M&As and corporate restructuring are explored from business plan development to target selection and valuation to negotiation and post-merger integration. It is cutting edge in that conclusions and insights are anchored by the most recent academic research, with references to more than 160 empirical studies published in leading peer-reviewed journals just since the release of the last edition in 2015.
1. Introduction - p. xxv 2. Chapter 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities - p. 3 3. Chapter 2: The Regulatory Environment - p. 45 4. Chapter 3: The Corporate Takeover Market - p. 82 5. Part II: The Mergers and Acquisitions Process: Phases 1–10 - p. 126 6. Introduction - p. 126 7. Chapter 4: Planning: Developing Business and Acquisition Plans - p. 128 8. Chapter 5: Implementation: Search Through Closing - p. 164 9. Chapter 6: Postclosing Integration - p. 201 10. Part III: Mergers and Acquisitions Valuation and Modeling - p. 231 11. Introduction - p. 231 12. Chapter 7: Mergers and Acquisitions Cash Flow Valuation Basics - p. 234 13. Chapter 8: Relative, Asset-Oriented, and Real Option Valuation Basics - p. 276 14. Chapter 9: Financial Modeling Basics - p. 311 15. Chapter 10: Analysis and Valuation of Privately Held Firms - p. 352 16. Part IV: Deal Structuring and Financing Strategies - p. 389 17. Introduction - p. 389 18. Chapter 11: Structuring the Deal - p. 392 19. Chapter 12: Structuring the Deal - p. 427 20. Chapter 13: Financing the Deal - p. 462 21. Chapter 14: Applying Financial Models - p. 501 22. Part V: Alternative Business and Restructuring Strategies - p. 548 23. Introduction - p. 548 24. Chapter 15: Business Alliances - p. 550 25. Chapter 16: Alternative Exit and Restructuring Strategies - p. 582 26. Chapter 17: Alternative Exit and Restructuring Strategies - p. 622 27. Chapter 18: Cross-Border Mergers and Acquisitions - p. 651 28. References - p. 690 29. Glossary - p. 718 30. Index - p. 725
Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Ninth Edition, is the most current, comprehensive and cutting-edge text on M&A and corporate restructuring available. It includes many of the most up-to-date and notable deals and precedent setting judicial decisions, as well as new regulations, trends and tactics employed in M&As. The implications of recent developments such as negative interest rates on valuation and the backlash against globalization for cross-border M&As are discussed.
More than 90% of the case studies are new for this edition, involving deals either announced or completed during the last several years. It is comprehensive in that nearly all aspects of M&As and corporate restructuring are explored from business plan development to target selection and valuation to negotiation and post-merger integration. It is cutting edge in that conclusions and insights are anchored by the most recent academic research, with references to more than 160 empirical studies published in leading peer-reviewed journals just since the release of the last edition in 2015.
1. Introduction - p. xxv 2. Chapter 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities - p. 3 3. Chapter 2: The Regulatory Environment - p. 45 4. Chapter 3: The Corporate Takeover Market - p. 82 5. Part II: The Mergers and Acquisitions Process: Phases 1–10 - p. 126 6. Introduction - p. 126 7. Chapter 4: Planning: Developing Business and Acquisition Plans - p. 128 8. Chapter 5: Implementation: Search Through Closing - p. 164 9. Chapter 6: Postclosing Integration - p. 201 10. Part III: Mergers and Acquisitions Valuation and Modeling - p. 231 11. Introduction - p. 231 12. Chapter 7: Mergers and Acquisitions Cash Flow Valuation Basics - p. 234 13. Chapter 8: Relative, Asset-Oriented, and Real Option Valuation Basics - p. 276 14. Chapter 9: Financial Modeling Basics - p. 311 15. Chapter 10: Analysis and Valuation of Privately Held Firms - p. 352 16. Part IV: Deal Structuring and Financing Strategies - p. 389 17. Introduction - p. 389 18. Chapter 11: Structuring the Deal - p. 392 19. Chapter 12: Structuring the Deal - p. 427 20. Chapter 13: Financing the Deal - p. 462 21. Chapter 14: Applying Financial Models - p. 501 22. Part V: Alternative Business and Restructuring Strategies - p. 548 23. Introduction - p. 548 24. Chapter 15: Business Alliances - p. 550 25. Chapter 16: Alternative Exit and Restructuring Strategies - p. 582 26. Chapter 17: Alternative Exit and Restructuring Strategies - p. 622 27. Chapter 18: Cross-Border Mergers and Acquisitions - p. 651 28. References - p. 690 29. Glossary - p. 718 30. Index - p. 725
