GSBS6146

Mergers, Acquisitions and Corporate Governance

10 Units

The course introduces students to the general principles of mergers and acquisitions. It provides a short overview of major historical trends in M&A, legal perspective and tools used to perform M&A activities. It continues analysing strategic M&A related decisions. Special emphasis has been placed on hostile takeovers and measures available to targeted companies to repel the attack. The second part of the course elaborates junk bond markets and corporate restructuring. At this state we will also introduce the study on varying ownership structures across the globe, which impacts not only the M&A market but also firm policy decisions. Finally, the course will provide quantitive tools indispensable for M&A by focusing on firm valuation, financial analysis and accounting treatment of M&A.

Faculty Faculty of Business and Law
School Newcastle Business School
Availability

Not currently offered

Previously offered in 2008, 2006, 2005

Learning Outcomes

Students are expected to:

  • Become able to apply accounting and corporate finance tools in the valuation of M&A deals
  • Demonstrate capability to re-arrange balance sheets of firms involved in M&A and draw relevant conclusions
  • Use accounting and financial databases
  • Critically evaluate major M&A deals
  • Analyse business decisions seconded by target and acquiring firms
  • Elaborate corporate governance provisions
  • Write concise reports on critical firm management decisions
  • Be ready to work as an independent M&A strategic manager as well as an integral part of the M&A team
Content

1: Introduction to mergers and acquisitions and major tools used to achieve these goals 2: Legal perspective and a brief historical overview 3: Strategic decisions on M&A 4: Hostile takeover tactics 5: Antitakeover measures 6: Leveraged buyouts 7: The analysis of junk bond markets and practices 8: Corporate restructuring 9: International comparison of ownership structure and its potential impact on inter-firm relations 10:Essential financial analysis of mergers and acquisitions 11:Firm value 12:IASB standards in analysing business combinations

Replacing Course(s) Not Applicable
Transition Not applicable
Assumed Knowledge Co-requisite: GSBS6130 Corporate Finance or GSBS6145 International Financial Management
Assessment Items
  • Essays / Written Assignments -
  • Examination: Formal -
Contact Hours
  • Lecture: for 3 hour(s) per Week for Full Term
Timetable 2018 Course Timetables for GSBS6146
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