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M&A-X09
PGDM-PT- 2009-12: Term: VII
Mergers and Acquisitions
Prof. Pradyumna K Mohanty
Objective:
Corporate mergers and acquisitions have become universal practices around the globe. In a globalised era, mergers take place not only within the nation but also across the border for survival, growth, expansion and achieving different objectives. The opening up of Indian economy is also supportive of these activities. The ever increasing number of M & A activities only suggests that this is going to stay. The objective of this course is to familiarize the participants with various aspects of mergers and acquisitions.
Course Outline:
Session 1&2
: Introduction, Basic concepts, Main Forms of Corporate Restructuring, Motives behind Merger
Session 3
: Legal framework governing M&A- Companies Act, 1956, SEBI, Competition Act
Session 4-6
: Valuation of Target Companies- Concept of value, Asset based Valuation Approach, Capitalization of Earnings Approach, Cash Flow based Approach, Dividend Discount Model, Cost of Capital
Session 7
: Due Dilligence process in M&A,
Session 8
: Accounting issues- Accounting standards 14, Methods of Accounting, Accounting for Demerger
Session 9-10
: Taxation aspects- Capital Gains Tax, Carry Forward and Set off of accumulated Losses and Unabsorbed Depreciation
Session 11
: Takeover Defences- Friendly versus Hostile Takeovers , Takeover tactics, Successful Takeover Tactics in India, Defence Tactics
Session 12
: Deal structuring and Financing Strategies, Funding of Acquisitions- Methods of effecting payment of consideration
Session13
: Leveraged buy-out,
Session14:
M&A Integration
Session 15
: Case Presentations
Evaluation Pattern:
1. Quiz: 30 marks
2. Assignment 20 marks
& presentation
3. End-term exam.: 50 marks
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Total 100 marks
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Books for Reference:
1. Mergers, Acquisitionsand Corporate Restructuring by Prasad G. Godbole(Vikas)
2. Takeovers, Restructuring, and Corporate Governance by Weston, Mitchell and Mulherin( Pearson )
3. Mergers, Acquisitions and Corporate Restructuring by Chandrasekhar Krishnamurti & S.R.Viswanath ( Sage Publication )
4. Creating Value from Mergers and Acquisitions by Sudi Sudarsanam(Pearson)
5. Handouts
Created By:
Debasis Mohanty
on
05/12/2011
at
01:36 PM
Category
:
ExPGP-III
Doctype
:
Document
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