Mergers & Acquisitions (2235.YR.006635.1)

General information

Type:	OPT	Curs:	1	Period:	S semester
ECTS Credits:	3 ECTS

Teaching Staff:

Group	Teacher	Department	Language
Year 1	Santiago Simón del Burgo	Economía, Finanzas y Contabilidad	ENG

This course is designed to give participants an introduction to the complex world of strategic alliances seen as an integrated process rather than watertight compartments of finance, business policy and human resources. By the end of the course, participants should have grasped the complexity of such operations and be well aware of the risks they entail: more than 50% of operations generate no profit for shareholders. They should also have learnt how to increase the success factor of the operations they take part in.

1. Introduction to mergers and acquisitions

2. Acquisition process

3. Post-acquisition

4. Value creation through acquisitions

5. Management buyouts

6. Private equity and venture capital

7. Acquisition of listed companies

8. Stock market flotations

The course will consist of theoretical classes with a comprehensive reading list tailored to the needs of each class. It will also feature the preparation and class discussion of real-life case studies to provide an insight into the difficulties and issues involved in this sort of operations. Students are responsible for preparing the case studies and doing the reading before the respective class.

ASSESSMENT BREAKDOWN

ARZAC, Enrique: Valuation for mergers, buyouts and restructuring, John Wiley & Sons, NewYork, 2005.
COPELAND, Tom, KOLLER, Tim and MURRIN, Jack: Valuation, John Wiley & Sons, New York, 1991.
DAMODARAN, Aswath: Investment valuation, John Wiley & Sons, New York, 2002.
DEPAMPHILIS, Donald: Mergers, acquisitions and other restructuring activities, Academic Press, San Diego, 2001.
MASCAREÑAS PEREZ-IÑIGO, Juan: Fusiones y adquisiciones de empresas, Mc Graw Hill, Madrid, 2004.
MORRIS, Joseph: Mergers and acquisitions, business strategies for accountants, John Wiley and Sons, New York, 2000.
PALACÍN, Ramon: De directivo a empresario vía Management Buy Out. Guía para directivos que deseen adquirir una empresa, Profit Editorial, Barcelona, 2009.
RAPPAPORT, Alfred: Creating shareholder value, The Free Press, New York, 1998.
REED, Stanley Foster and LAJOUX, Alexandra Reed: The art of M&A, a merger acquisition buyout guide, McGraw-Hill, 1999.
SHERMAN, Andrew and HART, Millege: Mergers and acquisitions from A to Z, AMACOM, New York, 2006.
WESTON, Fred, CHUNG, Kwang and SIU, Juan: Takeovers, restructuring and corporate governance, Prentice Hall, 1998.

Interesting websites
www.aqm-e.com; www.ascri.org; www.bloomberg.com; www.capitalcorporate.com; www.cnmv.es;
www.datamonitor.com; www.evca.com; www.factset.com; www.mergermarket.com; www.sec.gov;
www.zephyr.bvdep.com

Group	Teacher	Department
Year 1	Santiago Simón del Burgo	Economía, Finanzas y Contabilidad