FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

Mergers, Acquisitions, and Corporate Restructuring

Unit I:
Introduction to Mergers- Types of Mergers, Merger Strategy- Growth, Synergy-Operating Synergy, Financial Synergy, Diversification, Other Economic Motives, Hubris Hypothesis of Takeovers, Other Motives, Tax Motives, Financial Evaluation, Joint Venture and Strategic Alliances. (12 Hours)
Unit II:
Legal Aspects of Mergers/ Amalgamation and Acquisition- Provisions of Companies Act, Regulation by SEBI, Takeover Code: Scheme of Amalgamation, Approval from Court, Valuation of a Business.
(10 Hours)
Unit III:
Methods of Valuation – Cashflow Basis, Earning Potential Basis, Growth Rate, Market Price etc., Computation of Impact on EPS and Market Price, Determination of Exchange Ratio, Impact of Variation in Growth of the Firms, MBO, LBO, Boot Strapping, Criteria for Negotiating Friendly Takeover, Financing of Merger. (10 Hours)
Unit IV:
Defence against Hostile Takeover- Poisson Pill, Bear Hug, Greenmail, Pacman, Managing Post Merger H.R. and Cultural Issues, Cross Border Mergers and Acquisitions, Recent Cases of Corporate Restructuring.