Mergers & Acquisitions - (B-E-M) - Q3

Participation Prerequisites

• sound knowledge in the English language
• knowledge in the area of the relevant mathematical and statistical methods
• knowledge in corporate strategy and corporate decision making
• knowledge of financial markets, corporate finance and in economics

Course Content

The course aims at providing participants general knowledge on M&As from a corporate finance perspective. After successful completion of the course, the course participants will have a solid understanding of the most fundamental issues and concepts in the M&A field. Without being exhaustive, the following topics will be covered during the course: wealth effects associated with M&As, motivations of companies to enter the M&A market, role and value added of investment banks in the takeover process, choice of the sale process, business valuation, merger arbitrage, role of CEOs in large transactions, and further issues related to regulation and social utility associated with the existence of an active M&A market.

Intended Learning Outcomes and Competencies

Form of Examination

Literature

• DePamphilis Donald M., 2014. Mergers, acquisitions, and other restructuring activities. Elsevier Academic Press, 7th Edition.
• Berk, Jonathan, and Peter DeMarzo, 2014. Corporate finance, Pearson International.
• Damodaran, Aswath, 2012. Investment valuation: Tools and techniques for determining the value of any asset. Wiley Finance, 3rd edition.
• Stowell, David, P., 2013. Investment banks, hedge funds, and private equity. Elsevier Academic Press. Second edition