Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Eleventh Edition presents the most current and comprehensive M&A information available. Organized according to the context in which topics normally occur in the M&A process, the book covers M&A environments, M&A processes, M&A valuation and modeling, deal structuring and financing strategies, and alternative business and restructuring strategies. Covering industries worldwide, this new edition illustrates the most germane strategies and tactics in today's marketplace. It includes substantially more ancillary materials than previous editions, including an extensive test bank, chapter summaries, and instructor and student PowerPoint slides.
More than 100 new references to relevant academic research published since 2018 make the 11th edition a balanced, comprehensive guide to the complex and dynamically changing world of M&A.
1. Chapter 1. An introduction to mergers, acquisitions, and other restructuring activities - p. 3 2. Chapter 2. The regulatory environment - p. 37 3. Chapter 3. The corporate takeover market: common takeover tactics, antitakeover defenses, and corporate governance - p. 65 4. Part II: The mergers and acquisitions process: Phases 1 through 10 - p. 96 5. Chapter 4. Planning: developing business and acquisition plans: phases 1 and 2 of the acquisition process - p. 99 6. Chapter 5. Implementation: search through closing: phases 3 to 10 of the acquisition process - p. 124 7. Chapter 6. Postclosing integration: mergers, acquisitions, and business alliances - p. 153 8. Part III: Mergers and acquisitions valuation and modeling - p. 172 9. Chapter 7. Mergers and acquisitions cash flow valuation basics - p. 175 10. Chapter 8. Relative, asset-oriented, and real-option valuation basics - p. 204 11. Chapter 9. Financial modeling basics - p. 229 12. Chapter 10. Analysis and valuation of privately held firms - p. 259 13. Part IV: Deal-structuring and financing strategies - p. 286 14. Chapter 11. Structuring the deal: Tax and accounting considerations - p. 289 15. Chapter 12. Structuring the deal: tax and accounting considerations - p. 315 16. Chapter 13. Financing the deal: private equity, hedge funds, and other sources of financing - p. 343 17. Chapter 14. Highly leveraged transactions: leveraged buyout valuation and modeling basics - p. 373 18. Chapter 15. Applying financial models: to value, structure, and negotiate stock and asset purchases - p. 393 19. Part V: Alternative business and restructuring strategies - p. 426 20. Chapter 16. Domestic and cross-border business alliances: joint ventures, partnerships, strategic alliances, and licensing - p. 429 21. Chapter 17. Alternative exit and restructuring strategies: divestitures, spin-offs, carve-outs, split-offs, and tracking stocks - p. 455 22. Chapter 18. Alternative exit and restructuring strategies: bankruptcy, reorganization, and liquidation - p. 485 23. Chapter 19. Cross-border mergers and acquisitions: analysis and valuation - p. 507 24. References - p. 537 25. Glossary - p. 561 26. Index - p. 567
Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions, Eleventh Edition presents the most current and comprehensive M&A information available. Organized according to the context in which topics normally occur in the M&A process, the book covers M&A environments, M&A processes, M&A valuation and modeling, deal structuring and financing strategies, and alternative business and restructuring strategies. Covering industries worldwide, this new edition illustrates the most germane strategies and tactics in today's marketplace. It includes substantially more ancillary materials than previous editions, including an extensive test bank, chapter summaries, and instructor and student PowerPoint slides.
More than 100 new references to relevant academic research published since 2018 make the 11th edition a balanced, comprehensive guide to the complex and dynamically changing world of M&A.
1. Chapter 1. An introduction to mergers, acquisitions, and other restructuring activities - p. 3 2. Chapter 2. The regulatory environment - p. 37 3. Chapter 3. The corporate takeover market: common takeover tactics, antitakeover defenses, and corporate governance - p. 65 4. Part II: The mergers and acquisitions process: Phases 1 through 10 - p. 96 5. Chapter 4. Planning: developing business and acquisition plans: phases 1 and 2 of the acquisition process - p. 99 6. Chapter 5. Implementation: search through closing: phases 3 to 10 of the acquisition process - p. 124 7. Chapter 6. Postclosing integration: mergers, acquisitions, and business alliances - p. 153 8. Part III: Mergers and acquisitions valuation and modeling - p. 172 9. Chapter 7. Mergers and acquisitions cash flow valuation basics - p. 175 10. Chapter 8. Relative, asset-oriented, and real-option valuation basics - p. 204 11. Chapter 9. Financial modeling basics - p. 229 12. Chapter 10. Analysis and valuation of privately held firms - p. 259 13. Part IV: Deal-structuring and financing strategies - p. 286 14. Chapter 11. Structuring the deal: Tax and accounting considerations - p. 289 15. Chapter 12. Structuring the deal: tax and accounting considerations - p. 315 16. Chapter 13. Financing the deal: private equity, hedge funds, and other sources of financing - p. 343 17. Chapter 14. Highly leveraged transactions: leveraged buyout valuation and modeling basics - p. 373 18. Chapter 15. Applying financial models: to value, structure, and negotiate stock and asset purchases - p. 393 19. Part V: Alternative business and restructuring strategies - p. 426 20. Chapter 16. Domestic and cross-border business alliances: joint ventures, partnerships, strategic alliances, and licensing - p. 429 21. Chapter 17. Alternative exit and restructuring strategies: divestitures, spin-offs, carve-outs, split-offs, and tracking stocks - p. 455 22. Chapter 18. Alternative exit and restructuring strategies: bankruptcy, reorganization, and liquidation - p. 485 23. Chapter 19. Cross-border mergers and acquisitions: analysis and valuation - p. 507 24. References - p. 537 25. Glossary - p. 561 26. Index - p. 567
