1. Auflage - April 2004
89,90 Euro
2004. 1056 Seiten, Hardcover
ISBN-10: 0-471-39505-6
ISBN-13: 978-0-471-39505-8 - John Wiley & Sons

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Kurzbeschreibung
Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. Applied Mergers and Acquisitionsaddresses the key factors of M&A success and failure. Readers will learn the art and science of M&A valuation, deal negotiation and bargaining, and a framework for considering tradeoffs in an effort to optimize the value of any M&A deal.

Aus dem Inhalt
Foreword.

Preface.

PART ONE: INTRODUCTION AND KEY THEMES.

CHAPTER 1: Introduction and Executive Summary

CHAPTER 2: Ethics in M&A

CHAPTER 3: Does M&A Pay?

PART TWO: STRATEGY AND THE ORIGINATION OF TRANSACTION PROPOSALS.

CHAPTER 4: M&A Activity

CHAPTER 5: Cross-Border M&A

CHAPTER 6: Strategy and the Uses of M&A to Grow or Restructure the Firm

CHAPTER 7: Acquisition Search and Deal Origination: Some Guiding Principles

PART THREE: DILLGENCE, VALUATION, AND ACCOUNTING.

CHAPTER 8: Due Diligence

CHAPTER 9: Valuing Firms

CHAPTER 10: Valuing Options

CHAPTER 11: Valuing Synergies

CHAPTER 12: Valuing the Firm across Borders

CHAPTER 13: Valuing the Highly Levered Firm, Assessing the Highly Levered Transaction

CHAPTER 14: Real Options and Their Impact on M&A

CHAPTER 15: Valuing Liquidity and Control

CHAPTER 16: Financial Accounting for Mergers and Acquisitions

CHAPTER 17: Momentum Acquisition Strategies: An Illustration of Why Value Creation Is the Best Financial Criterion

PART FOUR: DESIGN OF DETAILED TRANSACTION TERMS.

CHAPTER 18: An Introduction to Deal Design in M & A.

CHAPTER 19: Choosing the Form of Acquisitive Reorganization

CHAPTER 20: Choosing the Form of Payment and Financing

CHAPTER 21: Framework for Structuring the Terms of Exchange: Finding the "Win-Win" Deal

CHAPTER 22: Structuring and Valuing Contingent Payments in M&A

CHAPTER 23: Risk Management in M&A

CHAPTER 24: Social Issues

PART FIVE: RULES OF THE ROAD: GOVERNANCE, LAWS, AND REGULATIONS.

CHAPTER 25: How a Negotiated Deal Takes Place

CHAPTER 26: Governance in M&A: The Board of Directors and Shareholder Voting

CHAPTER 27: Rules of the Road: Securities Law, Issuance Process, Disclosure, and Insider Trading

CHAPTER 28: Rules of the Road: Antitrust Law

CHAPTER 29: Documenting the M&A Deal

PART SIX: COMPETITION, HOSTILITY, AND BEHAVIORAL EFFECTS IN M&A.

CHAPTER 30: Negotiating the Deal

CHAPTER 31: Auctions in M&A

CHAPTER 32: Hostile Takeovers: Preparing a Bid in Light of Competition and Arbitrage

CHAPTER 33: Takeover Attack and Defense

CHAPTER 34: The Leveraged Restructuring as a Takeover Defense: The Case of American Standard

PART SEVEN: Communication, Integration, and Best Practice.

CHAPTER 35: Communicating the Deal: Gaining Mandates, Approvals, and Support

CHAPTER 36: Framework for Postmerger Integration

CHAPTER 37: Corporate Development as a Strategic Capability: The Approach of GE Power Systems

CHAPTER 38: M&A "Best Practices": Some Lessons and Next Steps

About the CD-ROM.

References and Suggestions for Further Reading.

Index.