Mergers and Acquisitions – The Relentless Pursuit of Synergy
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Approx. 20 hours to complete
Course Summary
This course will teach you about the process of mergers and acquisitions, including the legal, financial, and strategic aspects. You will learn how to evaluate potential targets, negotiate deals, and integrate companies.Key Learning Points
- Understand the different types of mergers and acquisitions
- Learn the legal and regulatory frameworks involved
- Explore the financial analysis and valuation methods used in M&A
Related Topics for further study
Learning Outcomes
- Understand the different types of M&A deals and their benefits and drawbacks
- Learn how to conduct financial analysis and valuation of potential targets
- Develop negotiation skills and understand the legal and regulatory frameworks involved in M&A
Prerequisites or good to have knowledge before taking this course
- Basic understanding of finance and accounting
- Familiarity with business strategy and management
Course Difficulty Level
IntermediateCourse Format
- Online self-paced
- Video lectures
- Assignments
- Quizzes
Similar Courses
- Corporate Financial Decision-Making for Value Creation
- Mergers and Acquisitions - The Relentless Pursuit of Synergy
Related Education Paths
Related Books
Description
The area of mergers and acquisitions (M&As) is special in finance. Incredible amounts of money are employed in such transactions. Deals draw a lot of public attention and dispute. Oftentimes, stories look more like fairy tales rather than financial reality.
Outline
- Why M&As? Stakeholders, Framework and Process. Legal and Regulatory Environment. Accounting and Tax Issues an Overview
- Introduction
- 1.1. Introduction: Why study M&As?
- 1.2. The stakeholders’ paradigm
- 1.3. Buzzwords and challenges. Synergy
- 1.4. Studying M&As – framework and process
- 1.5. Legal and regulatory environment (1) – antitrust motives
- 1.6. Legal and regulatory environment (2) – other issues
- 1.7. M&As – some accounting issues
- 1.8. M&As – some tax considerations
- Konstantin Kontor
- AIBEc. The American Institute of Business and Economics
- Grading
- Handouts – an important comment
- 1.1. The takeover process
- 1.2. The stakeholders’ paradigm
- 1.3. Legal and regulatory environment
- 1.4. Some accounting and tax Issues – an overview
- 1 (Practice)
- 1 - Takeover process, stakeholders, and environment
- Strategy and M&As. Theories of M&As
- 2.1. Strategy – the art of the long view
- 2.2. Strategic vocabulary – some approaches and frameworks
- 2.3. Challenges to strategic planning
- 2.4. Some well-known classic schools of strategy
- 2.5. Theories of M&As (1)
- 2.6. Theories of M&As (2)
- 2.7. Free-rider problem – solutions (1)
- 2.8. Free-rider problem – solutions (2)
- 2.1. Strategy and M&As
- 2.2. Theories of M&As
- 2.3. Small shareholders and tender offers
- 2 (Practice)
- 2 - M&A strategy and value creation potential in the uncertain world
- Valuation of M&As
- 3.1. Why valuation matters so much for M&As?
- 3.2. Alternative approaches to valuation
- 3.3. Free cash flow (FCF) valuation
- 3.4. The general formula
- 3.5. Some methodology, or how to extract value drivers
- 3.6. Cost of capital
- 3.7. Value creation in M&As
- 3.8. Calculating gains (losses)
- 3.9. Valuation in the “new economy” – some comments
- 3.1. M&A valuation (1) – value drivers, approaches, and formulas
- 3.2. M&A valuation (2) – cost of capital
- 3.3. M&A valuation (3) – value creation example
- 3 (Practice)
- 3 - Getting used to value drivers and formulas
- M&A Financing. LBOs and MBOs
- 4.1. M&A financing an overview
- 4.2. Junk bonds (1) – facts
- 4.3. Junk bonds (2) – legends
- 4.4. Joint venture as a form of a merger
- 4.5. LBOs and MBOs (1) – a way of financing
- 4.6. LBOs and MBOs (2) – an example
- 4.7. An example of an LBO – the RJR Nabisco case (1988)
- 4.1. Junk bonds and M&A financing
- 4.2. LBOs and MBOs
- 4 (Practice)
- 4 - Junk bonds and LBOs – how investors profit from them
- Value-Creating Strategies. Anti-Takeover Defenses. Corporate Governance and Performance. Conclusions – the Relentless Pursuit of Value
- 5.1. Value creating strategies
- 5.2. Share repurchases. Fixed-price tender offers
- 5.3. Anti-takeover defenses (1) – returns to bidders and targets
- 5.4. Anti-takeover defenses (2) – pre-offer defenses
- 5.5. Anti-takeover defenses (3) – post-offer defenses
- 5.6. Corporate governance in the US – an overview
- 5.7. Corporate governance in other countries – who will pay?
- 5.8. An example of corporate governance – Russian preferred shares
- 5.9. Implementation and integration – key to success
- 5.10. Some conclusions – the relentless pursuit of synergy
- 5.11. Summary of the Specialization. Overview of the Project
- 5.1. Share repurchases
- 5.2. M&A tactics and takeover defenses
- 5.3. Corporate governance – an overview
- Final Test
Summary of User Reviews
Discover the fundamentals of mergers and acquisitions with this comprehensive course on Coursera. Students love the practical nature of the content and the engaging teaching style of the instructor. However, some users have mentioned the lack of depth in certain areas and the high price point as possible downsides.Key Aspect Users Liked About This Course
The practical nature of the contentPros from User Reviews
- Engaging teaching style
- Real-world examples
- Easy to follow
- Great for beginners
Cons from User Reviews
- Lack of depth in certain areas
- High price point
- Not suitable for advanced learners
- Slow pace
- Some technical issues with the platform
Konstantin Kontor
4.2 Raiting
Mergers and Acquisitions – The Relentless Pursuit of Synergy
- 4.2
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The area of mergers and acquisitions (M&As) is special in finance. Incredible amounts of money are employed in such transactions. Deals draw a lot of public attention and dispute....
