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Mergers, Acquisitions, and Corporate Restructurings, 6ed

Mergers, Acquisitions, and Corporate Restructurings, 6ed

          
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About the Book

Mergers, Acquisitions, and Corporate Restructurings is an all-inclusive guide to M&As that illustrates how restructuring can be used successfully, how each form works and the laws that govern them. This updated edition includes the latest statistics, research, graphs and case studies on the private equity market, ethics, legal frameworks, and corporate governance, presented in a more approachable, manageable way. Written from a practical and historical perspective, this book carefully analyzes the strategies and motives that inspire M&As, the legalities involved each step of the way and the offensive and defensive techniques used during hostile acquisitions. Special Features ·Learn how corporate restructuring helps companies compete ·Discover the common impetus behind M&As ·Understand the laws and rules that govern the field ·Examine more effective strategies for hostile acquisitions Table of Content Preface Part I: Background Chapter 1: Introduction ·Recent M&A Trends ·Terminology ·Valuing a Transaction ·Types of Mergers ·Merger Consideration ·Merger Professionals ·Merger Arbitrage ·Leveraged Buyouts and the Private Equity Market ·Corporate Restructuring ·Merger Negotiations ·Merger Agreement ·Merger Approval Procedures ·Deal Closing ·Short-Form Merger ·Freeze-Outs and the Treatment of Minority Shareholders ·Reverse Mergers ·Holding Companies Chapter 2: History of Mergers ·Merger Waves ·What Causes Merger Waves? ·First Wave, 1897--1904 ·Second Wave, 1916--1929 ·The 1940s ·Third Wave, 1965--1969 ·Trendsetting Mergers of the 1970s ·Fourth Wave, 1984--1989 ·Fifth Wave ·Sixth Merger Wave Chapter 3: Legal Framework ·Laws Governing Mergers, Acquisitions and Tender Offers ·Other Specific Takeover Rules in the United States ·International Securities Laws Relating to Takeovers ·U.S. State Corporation Laws and Legal Principles ·State Antitakeover Laws ·Regulation of Insider Trading ·Antitrust Laws ·Measuring Concentration and Defining Market Share ·European Competition Policy Chapter 4: Merger Strategy ·Growth ·Synergy ·Operating Synergy ·Diversification ·Types of Focus Increases ·Focus Increasing Asset Sales Increase Firm Values ·Explanation for the Diversification Discount ·Do Diversified or Focused Firms Do Better Acquisitions? ·Other Economic Motives ·Hubris Hypothesis of Takeovers ·Do Managerial Agendas Drive M&A? ·Other Motives Part II: Hostile Takeovers Chapter 5: Antitakeover Measures ·Management Entrenchment Hypothesis versus Stockholder Interests Hypothesis ·Rights of Targets Boards to Resist: United States Compared to the Rest of the World ·Preventative Antitakeover Measures ·Changing the State of Incorporation ·Active Antitakeover Defenses ·Information Content of Takeover Resistance Chapter 6: Takeover Tactics ·Preliminary Takeover Steps ·Tender Offers ·Advantages of Tender Offers over Open Market Purchases ·Proxy Fights Chapter 7: Hedge Funds as Activist Investors ·Macroeconomic Foundations of the Growth of Activist Funds ·Hedge Funds as Acquirers Part III: Going-Private Transactions and Leveraged Buyouts Chapter 8: Going-Private Transactions and Leveraged Buyouts ·Terminology ·Historical Trends in LBOs ·Management Buyouts ·Conflicts of Interest in Management Buyouts ·U.S. Courts' Position on Leveraged Buyout Conflicts ·Financing for Leveraged Buyouts ·Returns to Stockholders from LBOs ·Returns to Stockholders from Divisional Buyouts ·Empirical Research on Wealth Transfer Effects ·Protection for Creditors ·Intra-industry Effects of Buyouts Chapter 9: The Private Equity Market ·History of the Private Equity and LBO Business ·Private Equity Market ·Secondary Market for Private Equity Investments Chapter 10: The Junk Bond and the Leveraged Loan Market and Stapled Financing ·History of the Junk Bond Market ·Leveraged Loan Market ·Stapled Financing Part IV: Corporate Restructuring Chapter 11: Corporate Restructuring ·D


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Product Details
  • ISBN-13: 9788126564781
  • Publisher: Wiley
  • Binding: Paperback
  • Language: English
  • Weight: 879.97 gr
  • ISBN-10: 8126564784
  • Publisher Date: 2016
  • Height: 22.098 mm
  • No of Pages: 684
  • Width: 180.1 mm

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