Mergers, Acquisitions, and Corporate Restructuring (3rd Edition)

Author: Gao Gen
Publisher:
Publish Date: 2004-10-01
Features: This book was awarded the annual Best Book Award by the American Publishers Association. In this newly revised 3rd edition, Patrick A. Gao examines the new developments in the art of mergers and acquisitions from a fresh perspective, providing an in-depth yet accessible explanation of the strategies and mechanisms involved in M&A, as well as how to handle various complex issues in corporate restructuring. As a practical and comprehensive reference, the book covers almost all types of restructuring currently used by companies, from mergers and acquisitions to divestitures and joint ventures, from leveraged buyouts to capital structure adjustments. The new edition includes the latest research findings and recent case studies in the field of M&A, analyzing and explaining these transactions not only from a financial perspective but also considering economic, legal, and tax regulatory factors. The author analyzes the motivations behind M&A from a professional and international perspective, offering the best offensive and defensive strategies for implementing or defending hostile takeovers, and explains these approaches from the perspectives of management and shareholders, emphasizing the impact of different strategies on shareholders in terms of wealth changes. The newly revised 3rd edition also re-examines the value of restructuring for next-generation companies and provides an in-depth introduction to the methods used to evaluate public-listed and privately held companies. Additionally, the clear and easy-to-understand charts included in the book are very helpful for reading. This book is suitable for EMB students, undergraduate and graduate students in related disciplines, and also provides comprehensive guidance for savvy corporate managers.