Mergers, Acquisitions, and Other Restructuring Activities

Mergers, Acquisitions, and Other Restructuring Activities

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In the seventh edition of Mergers, Acquisitions, and Other Restructuring Activities - winner of a 2014 Textbook Excellence Award (Texty) from the Text and Academic Authors Association - Donald DePamphilis looks into the heart of current economic trends. In addition to a new chapter on the ways deals are financed, more than 85% of the 54 integrative case studies are new and involve transactions announced or completed since 2010. This new edition anchors its insights and conclusions in the most recent academic research, with references to more than 170 empirical studies published in leading peer-reviewed journals since 2010. Practical exhibits, case studies involving diverse transactions, easy-to-understand numerical examples, and hundreds of discussion questions and practical exercises are included. This substantially updated content, supplemented by questions from CFA Institute examinations, offers the only comprehensive exploration of today's business transactions.

Mergers, acquisitions, and restructuring transactions reveal the inner workings of our economy. This longstanding, award-winning treatment lays out what every student and professional should understand about their parts, what they are intended to accomplish, and what their competitive, strategic, and value consequences are.
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Product details

  • Hardback | 768 pages
  • 190.5 x 236.22 x 40.64mm | 1,700.96g
  • Academic Press Inc
  • San Diego, United States
  • English
  • 7th edition
  • w. two-col. graphs.
  • 0123854873
  • 9780123854872
  • 1,771,444

Table of contents

PART I-The Mergers and Acquisitions Environment 1. Introduction to Mergers, Acquisitions, and Other Restructuring Activities

2. The Regulatory Environment

3. The Corporate Takeover Market: Common Takeover Tactics, Anti-Takeover Defenses, and Corporate Governance

PART II-The Mergers and Acquisitions Process: Phases 1-10

4. Planning: Developing Business and Acquisition Plans: Phases 1 and 2 of the Acquisition Process

5. Implementation: Search Through Closing: Phases 3 to 10 of the Acquisition Process

6. Postclosing Integration: Mergers, Acquisitions, and Business Alliances

PART III-Merger and Acquisitions Valuation and Modeling

7. Merger and Acquisition Cash Flow Valuation Basics

8. Relative, Asset-Oriented, and Real Option Valuation Basics

9. Applying Financial Models to Value, Structure, and Negotiate Mergers and Acquisitions

10. Analysis and Valuation of Privately Held Companies

PART IV-Deal Structuring and Financing Strategies

11. Structuring the Deal: Payment and Legal Considerations

12. Structuring the Deal: Tax and Accounting Considerations

13. Financing the Deal: Private Equity, Hedge Funds, and Other Sources of Funds

14. Highly Leveraged Transactions: LBO Valuation and Modeling Basics

PART V-Alternative Business and Restructuring Strategies

15. Business Alliances: Joint Ventures, Partnerships, Strategic Alliances, and Licensing

16. Alternative Exit and Restructuring Strategies: Divestitures, Spin-offs, Carve-outs, Split-Ups, and Split-Offs

17. Alternative Exit and Restructuring Strategies: Bankruptcy Reorganization and Liquidation

18. Cross-Border Mergers and Acquisitions: Analysis and Valuation
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Review Text

"This is a truly comprehensive text and does a wonderful job at supplying the underlying motives and theory as well as the critical "in practice elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The combination of great writing and active case learning make this book the best I have seen in the M&A and restructuring arena. --Matthew T. Billett, University of Iowa
"This is a truly comprehensive text and does a wonderful job at supplying the underlying motives and theory as well as the critical "in practice elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The combination of great writing and active case learning make this book the best I have seen in the M&A and restructuring arena. --Matthew T. Billett, University of Iowa
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Review quote

"This is a truly comprehensive text and does a wonderful job at supplying the underlying motives and theory as well as the critical "in practice" elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge from the academic research to the practical legal, accounting, and regulatory details. The book is up-to-date and teaches the state of the art techniques used today. The book contains numerous cases and spreadsheet support that enables the reader to put into practice everything that is covered. The combination of great writing and active case learning make this book the best I have seen in the M&A and restructuring arena." --Matthew T. Billett, University of Iowa

"Mergers and Acquisitions continue to be amongst the preferred competitive options available to the companies seeking to grow and prosper in the rapidly changing global business scenario. In this new updated and revised edition of his path breaking book - the author and M&A expert Dr. DePamphilis illustrates how mergers, acquisitions, and other major forms of restructuring can help a company grow and prosper in the highly complex and competitive corporate takeover market place. With the greatly enlarged and up-to-date material on varied aspects of the subject, the book provides a plethora of real world examples which will go a long way in making the subject easy, stimulating, and interesting to both the academicians and practioners alike." --Donepudi Prasad, ICFAI Business School "Professor DePamphilis has made significant, important and very timely updates in this edition. He incorporates contemporary events such as the credit crunch and the latest accounting rules in the West plus M&A issues in emerging markets which includes family businesses. He also readdresses corporate governance, a topic that will become increasingly important in Business Schools the world over in M&A. This text has become, and will increasingly become, the definitive comprehensive and thorough text reference on the subject." -- Jeffrey V Ramsbottom China Europe International Business School, Shanghai "The new edition of Mergers, Acquisitions, and Other Restructuring Activities does a comprehensive job of covering the M&A field. As in the previous edition, the structure is divided into five parts. These are logical and easy to follow, with a nice blend of theory, empirical research findings, and practical issues. I especially like two chapters - the chapter on bankruptcy and liquidation is extremely relevant in today's economic conditions, and the chapter on private equity and hedge funds is interesting because M&A activities by these players are not well-documented in the literature. Overall, I believe that MBA students would find the book useful both as a textbook in class and as a reference book for later use." --Raghavendra Rau, Purdue University "This book is truly outstanding among the textbooks on takeovers, valuation and corporate restructuring for several reasons: the DePamphilis book not only gives a very up-to-date overview of the recent research findings on takeovers around the world, but also offers nearly 100 recent business cases. The book treats all the valuation techniques in depth and also offers much institutional detail on M&A and LBO transactions. Not just takeover successes are analyzed, but also how financially distressed companies should be restructured. In short, the ideal textbook for any M&A graduate course." -- Luc Renneboog, Tilburg University "It is difficult to imagine that his last edition could be improved upon, but Dr. DePamphilis has done just that. His latest edition is clearer, better organized, and contains a wealth of vitally important new material for these challenging times. I especially recommend the new chapter on liquidation for members of boards of directors who face extreme circumstances. This is a remarkably useful book for readers at any level--students, instructors, company executives, as well as board members. Bravo Don!" --Wesley B. Truitt, Pepperdine University

"An impressive detailed overview of all aspects of Mergers and Acquisitions. Numerous recent case studies and examples convince the reader that all the material is very relevant in today's business environment." --Theo Vermaelen, INSEAD
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About Donald DePamphilis

Donald M. DePamphilis has a Ph.D. in economics from Harvard University and has managed more than 30 acquisitions, divestitures, joint ventures, minority investments, as well as licensing and supply agreements. He is currently Clinical Professor of Finance at the College of Business Administration at Loyola Marymount University in Los Angeles. He has also taught mergers and acquisitions and corporate restructuring at the Graduate School of Management at the University of California, Irvine, and Chapman University to undergraduates, MBA, and Executive MBA students. He has published a number of articles on economic forecasting, business planning, and marketing. As Vice President of Electronic Commerce at Experian, Dr. DePamphilis managed the development of an award winning Web Site. He was also Vice President of Business Development at TRW Information Systems and Services, Director of Planning at TRW, and Chief Economist at National Steel Corporation.
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Rating details

11 ratings
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5 45% (5)
4 18% (2)
3 27% (3)
2 9% (1)
1 0% (0)
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