Mergers & Acquisitions

Semester Spring
Level 11
Credit Value 10
Module Co-ordinator Professor Graeme Acheson
Contact Hours The module will be delivered by means of Lecture and tutorials.  There will be  two hours of weekly Lectures and a one hour tutorial.
Assessment Assessment will comprise a one and a half hour multiple choice test (100 per cent of the module grade). The multiple choice test and the final exam will contain both numerical and discursive questions and will enable students to demonstrate their knowledge of both M&A theory and the application of this theory to practical problem-solving.

 

Objectives

The primary aim is to provide an understanding of the major decision areas of M&A and how these affect the value of the firm. A secondary aim is to develop analytical skills and apply them to firm valuation. The module will involve an examination of both the theory and the practice of M&A.  


Learning outcomes

Knowledge and understanding of:

  • The institutional and theoretical framework of M&A
  • Regulatory issues surrounding M&A
  • How to value M&As using various methods
  • Issues related to negotiation of M&A
  • Financial modelling related to M&A
  • The economic importance of M&A activity
  • M&A payment methods
  • The valuation of alternative restructuring strategies such as Divestures, Spin-offs, Carve-outs, Split-ups and Split-offs
  • The implications of cross-border restructuring strategies.

Generic Skills:

  • numeracy, through the manipulation and interpretation of financial data
  • methodical working through planning and prioritisation
  • effective listening
  • effective time management and the ability to work under pressure

Cognitive Skills:

  • the ability to analyse information  and solve structured problems
  • the ability to identify arguments and think critically

 

Division: Accounting & Finance

 

 


This module information is representative of what is included in the module in a given year. Details of actual reading, lectures and coursework may vary year to year and will be available at the beginning of the semester.

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