MERGERS AND ACQUISITIONS

FIN3MAQ

Not currently offered

Credit points: 15

Subject outline

In this subject you will examine the strategies and options available to companies to expand their operating activities and associated business framework and ownership network using merger and acquisition transactions. You will study consideration of different merger types and their associated motives and sources of value creation, the process involved in selecting merger targets, structuring, planning and decision-making involved in formulating acquisition strategies, bidding and target company completion and resistance strategies, and exposure to the financial and valuation aspects associated with mergers and acquisitions. A key part of your learning outcomes, and assessment, will be your involvement in a team-based acquisition negotiation scenario.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorDarren Henry

Available to Study Abroad StudentsYes

Subject year levelYear Level 3 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsMergers acquisitions and corporate restructuringsRecommendedGaughan, P,5TH EDN. NEW JERSEY, JOHN WILEY AND SONS, 2011

Graduate capabilities & intended learning outcomes

01. Demonstrate to an advanced level a range of skills, including appropriate negotiating, leadership and group support skills, as part of a representative bidder or target negotiation team in an acquisition transaction scenario

Activities:
Lectures, tutorials, acquisition negotiation scenario
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Engage effectively in a formal negotiation exercise given a restricted time-frame and incomplete information

Activities:
Lectures, tutorials, acquisition negotiation scenario
Related graduate capabilities and elements:
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)
Personal and Professional Skills (Teamwork including leadership and working in groups,Ethical behaviour)

03. Identify key elements associated with the outcome merger transactions and choose appropriate bid attributes, conditions and strategies to maximise the likelihood of acquisition success

Activities:
Lectures, tutorials, prescribed reading, class discussion
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Independently identify and classify merger examples into specific transaction types, incorporating potential sources of value creation, based on the provision of industry and structural attributes associated with bidding and target companies

Activities:
Lectures, tutorials, prescribed reading, class discussion
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Manipulate and interpret appropriate company financial data and mathematical valuation models to provide key input into merger pricing and bid premium decision-making

Activities:
Lecture, tutorials, class discussion, acquisition negotiation scenario
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)

06. Present a clear, concise and well-structured assessment of the acquisition motives of a bidding company using information about the merger participants

Activities:
Lectures, tutorials, prescribed reading, class discussion
Related graduate capabilities and elements:
Literacies and Communication Skills (Writing,Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving,Inquiry/Research)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

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