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Creating Value from Mergers and Acquisitions: The Challenges, 2/e

Creating Value from Mergers and Acquisitions: The Challenges, 2/e

Author(s):
  • Sudi Sudarsanam
    • Author: Sudi Sudarsanam
    • ISBN:9789332558663
    • 10 Digit ISBN:9332558663
    • Price:Rs. 1045.00
    • Pages:816
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available


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    Creating Value from Mergers and Acquisitions, 2e, provides an international and multidisciplinary perspective of M&A, and considers M&A as a process and not a mere transaction. The author draws upon economics, finance, strategy, law, organizational theories to formulate a five-stage model and emphasizes the need to understand the interconnected nature of these stages. The book's central focus is on the challenges to using M&A as an instrument to create shareholder value, how M&A risks can be mitigated and how odds of success in acquisitions can be increased.


    This book is suitable for those studying advanced undergraduate and MBA courses in industrial organizations, finance, business strategy, and corporate governance, as well as those preparing for professional exams. The rigorous integration of the conceptual, empirical, and practical aspects of M&A means that researchers and practitioners will also find this book extremely useful.

    Table of Content

    Part One

    HISTORIC, CONCEPTUAL AND PERFORMANCE OVERVIEW OF MERGERS AND ACQUISITIONS

    2          Historical overview of mergers and acquisitions activity                                                                      

    3          Alternative perspectives on mergers

    4          Are acquisitions successful?                                                                                                                     

    Part Two

    CORPORATE STRATEGY AND ORGANIZING FOR ACQUISITIONS

    5          Sources and limits of value creation in horizontal and related mergers                                           

    6          Sources and limits of value creation in vertical mergers                                                                     

    7          Sources and limits of value creation in conglomerate acquisitions                                                    

    8          Cross-border acquisitions                                                                                                                           

    9          Strategic alliances as an alternative to mergers and acquisitions                                                      

    10       Corporate divestiture                                                                                                                            

    11       Leveraged buyouts                                                                                                                                     

    12       Acquisition decision process: organizational, psychological and governance perspectives          

    13       Target selection for acquisition                                                                                                                 

    Part Three

    DEAL STRUCTURING AND NEGOTIATION

    14       Target valuation                                                                                                                                            

    15       Accounting for mergers and acquisitions                                                                                                

    16       Paying for the acquisition                                                                                                                           

    17       Antitrust regulation                                                                                                                                     

    18       Regulating takeover bids                                                                                                                             

    19       Advisers in takeovers                                                                                                                                   

    20       Bid strategies and tactics                                                                                                                            

    21       Defences against takeovers                                                                                                                        

    Part Four

    POST-ACQUISITION INTEGRATION AND ORGANIZATIONAL LEARNING

    22       Organizational and human aspects of post-acquisition integration                                                    

    23       Post-acquisition audit and organizational learning                                                                               

    24       Meeting the challenges of mergers and acquisitions                
     

    Salient Features

    • Short illustrations in every chapter highlight standard practices and explain complex issues.
    • User-friendly tables and figures make complex empirical data easier to comprehend.
    • Most chapters contain a short case study to highlight important issues.
    • Case studies and review questions enable further discussion and study.
    • A balanced treatment of M&A drawing upon the conceptual, empirical, and practitioner perspectives is provided.
    • Emphasis is laid on critical examination and empirical validation of theoretical predictions.