Mergers and Acquisitions

Author: Weston
Publisher:
Publish Date: 2003-04-01
Features:
Introduction: Mergers and Acquisitions (M&A) have always been an important business strategy in the history of human commerce. It combines two or more independent entities into one, making the combined value far greater than the sum of their individual values. Today, the rapid changes in the business environment have led to the swift dissolution of market boundaries, and companies no longer face competition solely from rivals in the same field. With increasing pressure for growth and escalating competition, the traditional strategy of going it alone seems imprudent. This book provides a macro overview of the modern M&A market, equipping readers with the knowledge and tools to plan and prepare for corporate M&A, pursue M&A transactions that benefit rapid company growth, and ensure a favorable position in the deal. Based on the M&A curriculum for executive training at the University of California, Los Angeles (UCLA)—one of the most authoritative curricula in the world today.
■ Understand the general impact of current economic environment changes on the global economy, the role of M&A transactions, and their effect on corporate operations and performance growth;
■ Learn about the relevant legal regulations involved in M&A, overcoming obstacles in the process of proactive M&A;
■ Conduct value assessments from various perspectives such as management, finance, taxation, and accounting to develop effective transaction models;
■ Apply knowledge and tools to analyze models, measure potential influencing factors, and evaluate the feasibility of transactions and future operational prospects;
■ Develop practical operational and management systems for the newly merged entity, establish favorable cash flow, dividend, and stock repurchase policies to enhance shareholder value.
This book teaches you the practical processes and methods of M&A, helping you strengthen internal organization and the knowledge and skills needed for future negotiations, as well as how to counter hostile takeovers—since in this era of major mergers, hostile takeovers can happen at any time. This book provides a macro overview of the modern M&A market, enabling readers to use the knowledge and tools to plan and prepare for corporate M&A, pursue M&A transactions that benefit rapid company growth, and ensure a favorable position in the deal. Based on the M&A curriculum for executive training at the University of California, Los Angeles (UCLA)—one of the most authoritative curricula in the world today.