MERGERS AND ACQUISITION
G URU GOBIND SINGH INDRAPRASTHA UNIVERSITY, D ELHI
MASTER OF BUSINESS ADMINISTRATION (B&I)
Mergers, Acquisitions and Corporate Restructuring
Course Code: MS (B&I) 504
Credits 3
Objectives: Liberalized economy has generated many opportunities of combining businesses to create wealth. The fundamental aim of the course is to prepare students to take advantage of the current scenario and understand how mergers, acquisition and corporate restructuring is implemented.
Course Contents: Legal Aspects of Mergers/ Amalgamation and, Acquisition/Labour, Provisions of Companies Act, Regulation by SEBI, Takeover Code: Scheme of Amalgamation, Approval from Court.
Valuation of a Business; Methods of Valuation Cashflow Basis, Earning Potential Basis, Growth Rate, Market Price etc. Motives for Merger; Financial Evaluation, Types of Mergers.
Computation of Impact on EPS and Market Price, Determinati n of Exchange Ratio, Impact of o Variation in Growth of the Firms, MBO, LBO, Boot Strapping; Financing of Merger.
Defence Against Hostile Takeover, Poisson Pill, Bear Hug, Greenmail, Pacman. Post Merger H.R. and Cultural Issues. Criteria for Negotiating for Friendly Takeover.