Applied Mergers and Acquisitions Workbook

Introduction to the Workbook. PART ONE: QUESTIONS. Introduction and Executive Summary. Ethics in M&A. Does M&A Pay? M&A Activity. Cross-Border M&A. Strategy and the Uses of M&A to Grow or Restructure the Firm. Acquisition Search and Deal Origination: Some Guiding Principles. Due Diligence. Valuing Firms. Valuing Options. Valuing Synergies. Valuing the Firm across Borders. Valuing the Highly Levered Firm, Assessing the Highly Levered Transaction. Real Options and Their Impact on M&A. Valuing Liquidity and Control. Financial Accounting for Mergers and Acquisitions. Momentum Acquisition Strategies: An Illustration of Why Value Creation Is the Best Financial Criterion. An Introduction to Deal Design in M&A. Choosing the Form of Acquisitive Reorganization. Choosing the Form of Payment and Financing. Framework for Structuring the Terms of Exchange: Finding the "Win-Win" Deal. Structuring and Valuing Contingent Payments in M&A. Risk Management in M&A. Social Issues. How a Negotiated Deal Takes Shape. Governance in M&A: The Board of Directors and Shareholder Voting. Rules of the Road: Securities Law, Issuance Process, Disclosure, and Insider Trading. Rules of the Road: Antitrust Law. Documenting the M&A Deal. Negotiating the Deal. Auctions in M&A. Hostile Takeovers: Preparing a Bid in Light of Competition and Arbitrage. Takeover Attack and Defense. The Leveraged Restructuring as a Takeover Defense: The Case of American Standard. Communicating the Deal: Gaining Mandates, Approval, and Support. Framework for Postmerger Integration. Corporate Development as a Strategic Capability: The Approach of GE Power Systems. M&A "Best Practices": Some Lessons and Next Steps. PART TWO: ANSWERS. Introduction and Executive Summary. Ethics in M&A. Does M&A Pay? M&A Activity. Cross-Border M&A. Strategy and the Uses of M&A to Grow or Restructure the Firm. Acquisition Search and Deal Origination: Some Guiding Principles. Due Diligence. Valuing Firms. Valuing Options. Valuing Synergies. Valuing the Firm across Borders. Valuing the Highly Levered Firm, Assessing the Highly Levered Transaction. Real Options and Their Impact on M&A. Valuing Liquidity and Control. Financial Accounting for Mergers and Acquisitions. Momentum Acquisition Strategies: An Illustration of Why Value Creation Is the Best Financial Criterion. An Introduction to Deal Design in M&A. Choosing the Form of Acquisitive Reorganization. Choosing the Form of Payment and Financing. Framework for Structuring the Terms of Exchange: Finding the "Win-Win" Deal. Structuring and Valuing Contingent Payments in M&A. Risk Management in M&A. Social Issues. How a Negotiated Deal Takes Shape. Governance in M&A: The Board of Directors and Shareholder Voting. Rules of the Road: Securities Law, Issuance Process, Disclosure, and Insider Trading. Rules of the Road: Antitrust Law. Documenting the M&A Deal. Negotiating the Deal. Auctions in M&A. Hostile Takeovers: Preparing a Bid in Light of Competition and Arbitrage. Takeover Attack and Defense. The Leveraged Restructuring as a Takeover Defense: The Case of American Standard. Communicating the Deal: Gaining Mandates, Approval, and Support. Framework for Postmerger Integration. Corporate Development as a Strategic Capability: The Approach of GE Power Systems. M&A "Best Practices": Some Lessons and Next Steps.