Fusions & acquisitions
Les objectifs du cours
- Introduction to Mergers & Acquisitions' issues and practice
- Presentation of usual transaction structures with a special focus on takeover bids and LBO transactions
Plan du cours
Class #1: Introduction to Mergers & Acquisitions
- Transaction parameters
- Transaction organisation
Class #2: Structure and consequences
- Share or asset sale
- Share contribution and merger
- Asset contribution
Class #3: Takeover bids
- Key principles
- Hostile bids and defence
- Case study #1
Class #4: LBO transactions
- Key principles
- Transaction
- Funds
- Market
Class #5
- Case study #2
- Special situations : IPO and Financial restructuring
- Assessment
Bibliographie
- Fusions-Acquisitions - Franck Ceddaha - Economica
- Finance d'entreprise 2010 - Pierre Vernimmen - Dalloz
- Principles of Corporate Finance - Richard Brealey, Stewart Myers and Franklin Allen - McGraw-Hill
- Investment Valuation - Aswath Damodaran - Wiley Finance
- Valuation - Tim Koller, Marc Goedhart and David Wessels - McKinsey & Company
Examen
- 45min multiple-choice questionnaire
- No documents allowed