Course Calendar
CGU Management 373
Corporate Financial Policy and Strategy

Week Date

Chapters to be Read

Chapters to be Discussed

Lectures, Discussion, Cases and Other Assignments

1

Jan 19 1 1 Introduction to class, assignment of teams and introduction of cases.
Lecture: Primary issues in mergers and acquisitions

2

Jan 26 2,3,4 2,3,4 First round of case selections. Review of the issues raised by cases, research sources.
Lecture: Takeover laws, pooling

3

Feb 2 5,6,7 5,6,7 Second round of case selections. Discussion of division of labor, formats for presentations.
Lecture: M&A Strategy - why takeovers, buyouts and other M&A activity.

4

Feb 9 9,10 9 Extensive discussion of valuation (to last three weeks). Assignments in class and out of class on valuation spreads. Monitoring and progress reports on case studies.
Lecture: Valuation .. how much is that company worth?

5

Feb 16 21,22 9,10 Same as week 4. Informal progress reports and
final preparation for team reports.

6

Feb 23 11,12,13 10 Concluding discussion of valuation. Final class comparisons of valuation spreadsheet assignments. First team reports (teams 1 and 5), ½ hour each team: Three Current M&A Candidates for Study

7

Mar 2 14,15,16 11,12 Remaining team reports: Three Current M&A Candidates for Study.
Lecture: Restructuring the company
Take-home midterm exam given out tonight .. due back on March 23rd.

8

Mar 23 17,18,19,20 13 Take-home exam due tonight.
Final preparation for detailed team reports.
Lecture: Recapitalizations, diversitures, increasing leverage, buybacks. 2nd lecture on recapitalizing startups (not covered in readings)

9

Mar 30 . 14,15 Team reports:
Team 1 - Historical M&A
Team 2 - Current M&A
Team 3 - Topics report
Lecture: Joint ventures, ESOPS, and MLPs

10

Apr 6 . 16,17 Team reports:
Team 4 - Historical M&A
Team 5 - Current M&A
Team 1 - Topics report
Lecture: LBOs and international ventures

11

Apr 13 . 18,19 Team reports:
Team 2 - Historical M&A
Team 3 - Current M&A
Team 4 - Topics report
Lecture: More on LBOs, Dutch Auctions, share repurchase

12

Apr 20 . 20 Team reports:
Team 5: Historical M&A
Team 1: Current M&A
Team 2: Topics report

13

Apr 27 . . Team reports:
Team 3: Historical M&A
Team 4: Current M&A
Team 5: Topics report
Lecture: More on start-up recapitalization and acquisition strategy.

14

May 4 . . Team reports (all 5 teams), ½ hour each team: Potential candidates for M&As.

Final examination given out tonight. Due back no later than Tuesday, May 12th, 5:00 PM.

.

May 12 . . Final exam due, 5:00 PM


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