Mergers & Acquisitions

The course focuses on Mergers & Acquisitions (M&A) in modern financial markets. Combining relevant theories and real-life cases, the students will learn the fundamentals of M&A transactions, including their economic background, strategies, planning and conduction, value implications and related further issues. The course starts with a general overview of corporate governance structures and markets for corporate control. Based on this knowledge, students will learn the approach to and the structuring of a full-fledged M&A deal. The strategy of the deal, as well as the deal process, payments and selected aspects post-merger integrations will be explained. A vital part of this process is the pricing of the deal. Company valuation will therefore be an important part of the course.

Special cases of M&A deals, such as Hostile Takeovers will be explained subsequently. At the end of the course, the students should be able to understand the economics of modern-day corporate M&A transactions.