Mergers & Acquisitions

 Mergers & Acquisitions

MFIN662201-Fall 2017

Course Description:  The course will review the merger & acquisition process from the perspective of buyers and sellers of both private and public companies.  Placing emphasis on the valuation of companies as well as the analysis of non-financial factors, the course will endeavor to provide the participants with a practical approach to analyzing and advising clients on the positive and negative aspects of a M&A transaction.  Additional topics will include understanding the use of leverage, transaction structure, due diligence, and the concept of fairness.   The class will be a combination of lectures and case studies presented in class by the participants.

Valuation will be an important component of the class and participants should be familiar with valuation techniques such as discounted cash flow, comparable company, and comparable transaction analysis.

If you are a student with a documented disability seeking reasonable accommodations in this course, please contact Kathy Duggan, (617) 552-8093, dugganka@bc.edu, at the Connors Family Learning Center regarding learning disabilities and ADHD, or Paulette Durrett, (617) 552-3470, paulette.durrett@bc.edu, in the Disability Services Office regarding all other types of disabilities, including temporary disabilities. Advance notice and appropriate documentation are required for accommodations.

Meeting time:  Monday’s 7:00 to 9:30, Fulton 150 – Please bring a name tent or equivalent to display your name in class.  Office hours will be held in the class room from 6-7pm prior to each class or by appointment.

Contact Information: paul.marcus.2@bc.edu

                        Cell phone: 617-835-8937

Course Materials:  

        Required Text Book:  Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, Second Edition, by Joshua Rosenbaum and Joshua Pearl

Required Cases:  

                Bankruptcy and Restructuring at Marvel Entertainment Group _

Bidding for Hertz: Leveraged Buyout

Chrysler Corporation: Negotiations Between Daimler and Chrysler (2006) (There are two versions, one from each company’s perspective so do not read until you know what side of the deal you will be on)

                Dow Bid for Rohm and Haas

Mercury Athletic: Valuing the Opportunity

                Monmouth, Inc.

                Roche’s Acquisition of Genentech

                Winfred Refuse Management, Inc.: Raising Debt vs. Equity