CANCELLED - FTMBA 2020_I Mergers & Acquisitions

The course is structured following a seminar format with participants expected to take a very active role in their learning. The course relies on interactive lessons, and consists of lectures, testimony from M&A practitioners, in-class case and research article discussions, in-class tasks, written group homework cases, and a final exam. The final grade will be based on (1) class participation and group projects (50%), and (2) an open-book final written exam (50%).

Aktas, N., and E. de Bodt, 2011. Merger negotiations: Takeover process, selling procedure, and deal initiation. The Art of Capital Restructuring, 261–279. Aktas, N., E. de Bodt, and R. Roll, 2010. Negotiations under the threat of an auction. Journal of Financial Economics 98, 241–255.Subramanian, G., 2009. Negotiation? Auction? A deal maker’s guide. Harvard Business Review 87, 101-107Jetley, G., and X. Ji, 2010, The shrinking merger arbitrage spread: Reasons and implications, Financial Analysts Journal 66, 54–68.Mitchell, M., T. Pulvino, and E. Stafford, 2004. Price pressure around mergers. Journal of Finance 59, 31–63.Rappaport, Alfred, and Mark L. Sirower, 1999. Stock or cash? The trade-offs for buyers and sellers in mergers and acquisitions. Harvard Business Review, Nov-Dec, 147–158.Luehrman, A., 2009. Corporate valuation and market multiples. Harvard Business Publishing, Product # 206039-PDF-ENGSchill, M.J., 2013. Business valuation: Standard approaches and applications. Harvard Business Publishing, Product # UV6586-PDF-ENG.Schill, M.J., and E. Loutskina, 2013. Business valuation in mergers and acquisitions. Harvard Business Publishing UV6759-PDF-ENG.