Mergers, Acquisitions, and Other Restructuring Activities: An Integrated Approach to Process, Tools, Cases, and Solutions

Mergers, acquisitions, business alliances, and corporate restructuring activities are increasingly commonplace in both developed and emerging countries. Given the frequency with which such activities occur, it is critical for businesspeople and officials at all levels of government to have a basic understanding of why and how such activities take place. The objective of Mergers, Acquisitions, and Other Restructuring Activities is to bring clarity to what can be an exciting, complex, and sometimes frustrating subject. It is intended to help the reader think of the activities involved in mergers, acquisitions, business alliances, and corporate restructuring in an integrated way.

While all of the chapters in the book contain new content and have been revised and updated, 14 of them have undergone pervasive changes. Many of the finer details in each chapter have been moved to footnotes, resulting in a more streamlined, shorter, and less complex text. The chapters contain the latest academic research, with increased focus on recent empirical findings. Additional numerical examples have been included in more chapters to illustrate the application of important concepts.

About one-fourth of the book is devoted to business valuation and financial modeling. Chapters 7 and 8 are totally focused on commonly used alternative valuation methods. Chapter 9 addresses important modeling issues not covered in prior editions.

Chapters 10, 13, 16, and 17 deal with specialized valuation applications, including valuation of private firms, leveraged buyouts, distressed companies, and cross-border transactions. These chapters describe in detail the context in which these specialized situations occur.

Read the rest of the preface. [PDF]

• NBC and VUE Combine Assets Case Study [PDF]
• Panda Ethanol Case Study [PDF]
• Example of Content Available on the Companion Site (Price Simulation Model) [JPG]
• Developing Business and Acquisition Plans PPT [PDF]