Career Paths:
Human Capital (General Skills)
Course Prerequisites:
[FTMBA or OMBA or EveMBA or MAcc or MSCM or MM or MBAN or STRATEGY 502 waiver or GMBA] and [no credit in STRATEGY 782]
Advisory Prerequisites:
Knowledge in financial valuation (e.g., discounted cash flow analysis) is a prerequisite for taking this course. Students can fulfill this requirement based on either classroom learning or self-learning before this course.
Mergers, Acquisitions and Corporate Development --- Mergers and acquisitions can provide opportunities for value creation, value destruction and value appropriation. This course presents the opportunity to analyze the mechanisms underlying the creation (and destruction) of value in mergers, acquisitions and corporate restructuring. Three sets of issues will be examined from the point of view of a firm contemplating the use of these corporate strategy tools: (1) Analytical frameworks to decide on the strategy behind the transactions, and whether and what to acquire; (2) Maximization of the share of value creation potential appropriated by the acquiring firm through opportune behavior during the evaluation, negotiation and internal decision-making processes; and (3) Actions to be taken after the acquisition is completed, in order to ensure that the value creation potential is realized.
