Introduction to Corporate Mergers and Restructuring

Author: Li Yao
Publisher:
Publish Date: 2006-02-01
Features: This book is divided into sixteen chapters. , and Chapter 2 introduce basic concepts and theories, primarily covering the definition of corporate mergers and acquisitions, theories of motivations and effects. Chapters 3 to 13 focus on the process of mergers and acquisitions, emphasizing applied techniques. Chapter 3 provides a comprehensive analysis of the merger and acquisition process and highlights the role of intermediaries. Chapter 4 discusses the valuation of target companies, while Chapter 5 analyzes acquisition methods such as tender offers and negotiated acquisitions. Chapter 6 introduces financing and payment methods for mergers and acquisitions. Due to the of leveraged financing acquisitions, especially the importance of management buyouts in China, Chapter 7 is dedicated to management buyouts. Chapter 8 discusses mergers and acquisitions from the perspectives of accounting treatment and tax issues. Chapter 9 covers the disclosure of information in mergers and acquisitions. Chapter 10 addresses anti-takeover strategies, while Chapter 11 focuses on post-merger integration. Chapter 12 discusses cross-border mergers and acquisitions. Chapters 13 to 15 primarily cover corporate restructuring, with Chapter 13 focusing on corporate asset and equity restructuring, Chapter 14 on corporate debt restructuring, and Chapter 15 on corporate bankruptcy and liquidation. The latter part explores the relationship between corporate mergers, acquisitions, and restructuring and corporate value, which falls under empirical research. It introduces some representative research findings from both Western and domestic studies.