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Mergers, Acquisitions and Corporate Restructuring

By Prof. Chandra Sekhar Mishra   |   IIT Kharagpur
Learners enrolled: 171
ABOUT THE COURSE:
Mergers and Acquisitions are part of corporate growth strategy and one can see more and more M&A transactions taking place in the business environment. By completing this course, the students will be able to appreciate the importance of merger and acquisitions (M&A) in the present corporate world. Students will be exposed to the process of M&A, essentialities of valuation and various methods thereof in case of Mergers and Acquisitions. Students will also learn other non — M&A techniques of corporate restructuring. The course shall also cover different takeover tactics and defenses.

INTENDED AUDIENCE: Students of PG Programmes in Management

PREREQUISITES: Corporate Finance / Financial Management

INDUSTRY SUPPORT: Investment Banking; Financial Services;Consulting;Banking;
Summary
Course Status : Upcoming
Course Type : Elective
Duration : 8 weeks
Start Date : 20 Feb 2023
End Date : 14 Apr 2023
Exam Date : 30 Apr 2023 IST
Enrollment Ends : 20 Feb 2023
Category :
  • Management Studies
Credit Points : 2
Level : Postgraduate

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Course layout

Week 1: Introduction to Mergers, Acquisitions (M&A), Business; Valuation
Merger types
Merger as a business strategy
Merger as a process of value creation
Theories of Mergers and Acquisitions (Merger Motives)
Assignment : Analyzing the strategy behind recent merger and acquisition
Week 2: Takeover Tactics and Anti-takeover Defenses
Assignment : Studying different takeover tactics and defenses undertaken by companies in recent times.
Week 3: The M&A Process
Acquisition Search and Due Diligence
Week 4: The M&A Process
Acquisition Search and Due Diligence, contd.
Week 5: Valuation in M&A: Cash Flow Based Approach
Assignment : Valuation of company
Week 6: Valuation in M&A: Cash Flow Based Approach
Assignment : Valuation of company
Week 7: Valuation in M&A: Relative Valuation Approach and other Valuation Approaches
Assignment : Valuation of company
Week 8: M&A Deal Structuring, contd..
Assignment : Critically evaluating a recent deal structure
Week 9: M&A Deal Structuring, contd..
Assignment : Critically evaluating a recent deal structure
Week 10: Legal aspects of M&A — in brief
Week 11: Legal aspects of M&A — contd..
Week 12: Alternative Exit and Restructuring Strategies
Assignment : Analyzing the strategy behind recent corporate restructuring

Books and references

• Kapil and Kapil: Mergers and Acquisitions - Strategy, Valuation, Leveraged Buyouts, and Financing, 2/e, Wiley, 2017; ISBN: 9788126568253 (KK)
• Donald M. DePamphilis: Mergers, Acquisitions, and Other Restructuring Activities, 9/e, Academic Press, Elsevier, 2018
• Patrick A Gaughan: Mergers, Acquisitions, and Corporate Restructuring, 6/e, Wiley, 2015
• Applied Mergers and Acquisitions, by Robert F Bruner, John Wiley, 2004

Instructor bio

Prof. Chandra Sekhar Mishra

IIT Kharagpur
Prof. Chandra Sekhar Mishra, Associate Professor, Vinod Gupta School of Management has more than two decades of teaching experience in management. His teaching interests include flnancial reporting, management accounting, business valuation, mergers & acquisitions. His research areas include M&A, earnings management and topics in corporate finance.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 30 April 2023 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kharagpur. It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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