Course Calendar

CGU EMGT 385 - Fall 2001

Mergers, Acquisitions and Valuations

Note: Assignments are from the course web page at http://www2.hmc.edu/e385ca.html

Week

Date

Chapter

Lecture topics, discussion and assignments

Section 1: Strategic Implementation of the Growth Plan

1

Oct 31

DP: 1,2 CG: 1,2,3

Introduction to class, primary issues in M&As, general business strategy, legal background and filing requirements.

2

Nov 7

DP: 3,4,5 CG: 4,5,6,8

Strategic evaluation and preparation for business combinations, assessment of targets, approach strategies, tender offers, identification of synergies, takeover problems, takeover defenses

Section 2: Valuation and the Transition

3

Nov 14

DP: 7,8

Placing a value on the combination; Accounting issues, valuation, and bid analysis.

4

Nov 21

DP: 9,10

Getting the deal done; Accounting, financial, and marketing diligence, negotiations, more on means of finance.

Section 3: Integration of the New Business and other Business Strategies

5

Nov 28

DP: 6,14 CG: 9,10,11

Making the combination work; Addressing corporate culture, settling differences in accounting systems, sales practices, management styles, product line overlaps, etc.

6

Dec 5

DP: 11,12,13

Other combination strategies: Divestitures, spinoffs, MBOs, LBOs, joint ventures, alliances

7

Dec 12

Oral reports.

Research paper due

Dec 21