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Unit of Study

Mergers and Acquisitions
UoS Code FINC3013
Credit points 6
Offered Semester 2
Prerequisites FINC2012 or FINC2002
Prohibitions FINC3003
Assumed Knowledge
Additional Information
Lectures 1x 2hr lecture and 1x 1hr tutorial per week; Additional workshops as required.
Assessment mid-semester (20%), assignment (30%), final exam (50%)
Description Mergers and acquisitions are a fundamental component of the corporate landscape. Students enrolling in this unit will study the economic and strategic drivers of corporate restructuring activity and their use in the design and analysis of restructuring transactions; evaluate the outcomes from restructuring transactions, both the theory based explanations and the empirical tests of the theories; learn to identify and value synergies in a restructuring transaction using  several valuation methods; develop a detailed understanding of the design and economic impacts of deal structures used to effect corporate restructuring transactions; and analyse the process of merger arbitrage and its contribution to the outcome of restructuring transactions. This unit will, where possible, integrate learning outcomes in an academic and applied context, and develop an appreciation of the regulatory environment for restructuring transactions and the impact of these regulations on the process and outcomes of restructuring transactions.