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Category: Business and Industry
Date Submitted: 04/24/2012 08:08 PM
HARVARD UNIVERSITY
FACULTY OF ARTS AND SCIENCES
MERGERS AND ACQUISITIONS MGMT E-2720
SPRING TERM 2012 – TENTATIVE SYLLABUS
Kevin F. Wall, C.P.A.; L.L.M.
Harvard Business School Office/Phone:617-496-5726 (Thru 12/31/11) kwall@fas.harvard.edu
Teaching Assistant: Iryna Dolan –irynadolan@yahoo.com
COURSE MEETINGS: 1 Story Street; Thursday 7:35 – 9:35
COURSE OVERVIEW:
Learning Outcomes: To provide students with knowledge of the following:
1. what corporate restructuring is and why it occurs;
2. the impact of the regulatory environment on the M&A environment;
3. how value is created (or destroyed) as a result of corporate mergers, acquisitions, divestitures, spin-offs, etc., through in-depth analysis of how to “do a deal;”
4. how risks associated with the various approaches to creating value can be identified and managed;
5. commonly used takeover tactics and defenses;
6. a process for selecting appropriate takeover tactics depending upon the types of anti-takeover defenses in place at a target company;
7. how and when to apply valuation techniques under special circumstances;
8. the practical limitations of the various valuation techniques;
9. the importance of understanding assumptions underlying business valuations;
10. a highly practical “planning based approach” to managing the acquisition process;
11. challenges associated with each phase of the M&A process from developing acquisition plans through post-closing integration;
12. the advantages and disadvantages of alternative deal structures;
13. how the various components of the deal structuring process interact to determine price;
14. how to manage the deal structuring process to minimize the risk that a business combination will not meet expectations;
15. advantages and disadvantages of alternative ways to exit businesses;
16. applying financial modeling tools to evaluating mergers and acquisitions;
17. how the many tools and skills that have been learned in this and other...