B9377-010: Master Class in Mergers & Acquisitions
This course seeks to analyze M&A deals from multiple perspectives: (1) economic logic, including the synergies between targets and acquirers and their respective bargaining power, and the logic of the mode of sale chosen (broad based auction or privately negotiated sale, deal protection mechanisms (including contractual such as go-shop and no-shop as well as financial such as termination fees and management employment contracts pre- and post-merger), (2) financial value, (3) legal risks related to litigation and regulation, and (4) the roles of investment bankers and other consultants as information intermediaries.
Spring 2013 sections: