Mergers and Acquisitions

Module Code FINU9ME
Semester Autumn
Prerequisite FINU9F4
Level 10
Credit Value 20
Module Co-ordinator Professor Graeme Acheson
Lecturers Professor Graeme Acheson, Dr Dionysia Dionysiou
Assessment 25% Group Presentation, 75% Examination

Module Introduction, aims and objectives

The course evolves around the following themes:

  • The theoretical and institutional aspects of M&A.
  • Valuation and performance measurement issues related to M&A.
  • Legal and payment considerations related to M&A.
  • Financing transactions
  • Alternative restructuring strategies

Learning outcomes and skill developed

By the end of the module students should be able to:

  • Understand the institutional and theoretical framework of M&A
  • Understand regulatory issues of M&A
  • Value M&As with various methods
  • Understand issues related to negotiation of M&A
  • Understand financial modelling related to M&A
  • Understand and criticize the important economic activity of M&A
  • M&A payment methods
  • Understand the financing transactions of M&As, e.g. LBO
  • Understand and value alternative restructuring strategies such as Divesture, Spin-offs, Carve -outs, Split-ups, Split-offs
  • Understand the implications of cross-border restructuring strategies.

In addition it is expected that the module will provide an opportunity to develop, inter-alia, the following personal transferable skills: analytical thinking and problem-solving; condensing information; methodical work through planning and prioritisation, and listening skills.

Introductory reading

DePamphilis D., Mergers, Acquisitions, and Other Restructuring Activities, Elsevier, 7th Edition, 2013


Students will also be directed, where appropriate, to relevant journal article.

 

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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