Executive Education


The course focuses on Mergers & Acquisitions (M&A) in modern financial markets.
The course starts with a general overview of markets for corporate control and recent market developments. Based on the strategic rationale of M&A deals students will learn the foundations of transaction processes and of deal financing. A vital part of this process is the pricing of the deal. Company valuation will therefore be an important part of the course.

Upon completion of this course, you will be able to understand:

  • Why companies engage in M&A transactions
  • The characteristics of different kinds of M&A deals: mergers, acquisitions, spin-offs, divestitures, carve-outs etc.
  • How M&A processes are structured
  • How hostile takeovers work and how companies can defend against them
  • The fundamentals of company valuation (relative and instrinsic)

Any questions?

Get in touch!

Ludmila Ketterer

 +49 69 798 33512


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Key Concepts
  • Corporate Governance
  • The Market for Corporate Control
  • Due Diligence
  • Pre-Merger Integration
  • Hostile Takeovers and Defense Mechanisms
  • Deal Financing
  • Spin-Offs, Carve-Outs, Joint Ventures and Divestitures
Course Format

This course is offered in the part-time Master in Finance program and may be attended on a “no credit” basis by individuals not enrolled in the program.

Course participants are visitors who are not responsible for assignments and do not take an exam or earn academic credits. As the number of seats in the course is limited, we recommend to register online early.


Assist. Prof. Dr. Vincenzo Pezone

Dr. Vincenzo Pezone is Assistant Professor of Finance at Tilburg University. Before joining Tilburg University, Vincenzo worked as an Assistant Professor at the Leibniz Institute for Financial Research SAFE. Vincenzo studied Economics at the University of Naples, Italy, where he obtained his Bachelor’s and Master’s Degrees. He received a PhD in Economics from the University of California, Berkeley, in 2017, with a dissertation in Corporate Finance. His research interests are Corporate Finance, especially Labor and Finance, and Behavioral Economics.

Key Facts

Course materials

Course materials will be provided in electronic form.




Campus Westend of Goethe University Frankfurt.

Certificate of participation

A GBS certificate of participation is awarded upon completion of the course.

Course Fee

€ 950 (fee is exempt from VAT). The fee for GBS students or alumni amounts to € 400.

Course Schedule
Date Session
Fri., May 31, 2024 13:00-15:00, 15:30-17:30
Fri., June 14, 2024 13:00-15:00, 15:30-17:30
Fri., July 5, 2024 13:00-15:00, 15:30-17:30

There are two main things which make returning for Open Programs such a valuable and worthwhile experience. The first is being back on campus – meeting the current students, returning to campus again, the whole experience was just so pleasant. The second is the level of quality in the courses – the faculty teaching are absolute experts.

Stephan KieneDuke-Goethe Executive MBA Class of 2009

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