Master
2022/2023
Mergers, Acquisitions and Restructuring of a Firm
Type:
Elective course (Strategic Corporate Finance)
Area of studies:
Finance and Credit
Delivered by:
School of Finance
Where:
Faculty of Economic Sciences
When:
2 year, 1, 2 module
Mode of studies:
offline
Open to:
students of one campus
Master’s programme:
Strategic Corporate Finance
Language:
English
ECTS credits:
5
Contact hours:
56
Course Syllabus
Abstract
The purpose of the course "Mergers, acquisitions and restructuring" is to study applied aspects of mergers and acquisitions (M&As) and corporate restructuring with emphasis on financial restructuring.
The course examines the role of M&As in corporate growth, key motives and drivers of M&As, M&A performance, M&A transactions implementation mechanisms, strategic growth and development of the company in the context of M&As, methods of M&A deals structuring, legal, tax and accounting aspects of M&A transactions, and specificities of corporate valuation for M&A purposes. A special attention is paid to special features of cross-border mergers and acquisitions, alternatives to M&As, restructuring decisions and mechanisms. In the second part of the course emphasis on direct finance and financial restructuring is made. The course is based on the standard international textbooks on M&A deals and financial restructuring, research papers and business cases. Applied aspects of the course are based on recent actual M&A transactions on global and Russian markets. The course consists of lectures along with seminars with lecturers from School of Finance and FBK. The course consists of three logical parts: “Theoretical and practical aspects of M&A deals and M&A performance” (Topics 1-2), “M&A structure. Corporate valuation for M&A purposes” (Topics 3-4), “Valuation of business and assets after M&A deal. Reorganization and restructuring of companies” (Topics 5-7).