MERGERS, ACQUISITIONS AND CORPORATE RESTRUCTURING

Second cycle degree in BUSINESS ADMINISTRATION - ECONOMIA E DIREZIONE AZIENDALE (discontinued)

Campus: PADOVA

Language: English

Teaching period: Second Semester

Lecturer: ANTONIO ZOTTI

Number of ECTS credits allocated: 6


Syllabus
Prerequisites: COURSE PREREQUISITES:
The course presumes that students have knowledge of basic accounting, economics, and financial management concepts and tools. Students should have had at least one course in accounting, finance, and economics.
COMPUTER SKILL REQUIREMENTS:
Students will need to know how to use spreadsheet and word processing software. I do not encourage the use of computers in class however they will be permitted as long as their use is limited to class discussion.
Examination methods: COURSE ATTENDANCE:
All students are expected to be in class, fully prepared, and to actively participate in class.
GROUP PROJECT:
Proposal of an hypothetical transaction starting from a given M&A case (using frameworks and data provided). Class presentation of the case and the proposed transaction.
FINAL EXAM:
Written test.
Course unit contents: COURSE OVERVIEW AND OBJECTIVES:
The course aims at illustrating the main topics related to M&A transactions and Corporate Restructuring activities. The course examines the finance, economics and business strategies that underlie many corporate transactions (mergers, acquisitions, tender offers, leveraged buyouts, divestures, spin-offs, liquidations and reorganizations) and investigates on the relevance of corporate restructuring in today’s global and local economies and on the role of M&A activity in the life cycle of a company. We analyze the buy-side and sell-side process by looking at the various roles, activities and responsibilities in a typical M&A deal. Different situations and investment perspectives will be illustrated to better explain the segmentation of the buy-side. Case studies and examples will provide students with references to recent deals and specific transactions (domestic and cross-border) throughout the course.