Infopaket

Mergers and acquisitions in global capital markets

ВК 1.8

Вибіркова дисципліна для ОП

Second

2023/2024

3 Semester

4

To know: the essence, motives and types of cross-border M&A, know the main stages of structuring M&A; different ways to protect against hostile takeovers; the types of synergistic effects, methods of their evaluation; modern classical and alternative methods of valuing the company; features of taxation of sM&A, as well as accounting nuances of forming the balance of the merged company; modern methods and tools for assessing the effectiveness of M&A. Be able to: conduct financial analysis to assess business, normalize financial statements; correctly find the value of the target company using different methods; model the impact of the method of payment, the organizational form of absorption on the effectiveness of the transaction; correctly calculate the potential synergy effect from the implementation of M&A; to form the financial statements of the merged company; build a financial model agreement to facilitate the assessment of potential results.

Full-time form

1) Command of basic skills in economic and financial analysis, financial modeling in Excel. 2) The presence of skills of mathematical analysis and linear algebra. 3) The availability of skills to search for information on the Internet, knowledge of English.

Module 1. Theoretical aspects of transnational mergers and acquisitions Transnational mergers and acquisitions in modern corporate finance. Planning transnational mergers and acquisitions. Typical tactics and methods of operations. Alternative strategies of international corporate reorganization. Module 2. Modeling of transnational mergers and acquisitions Determining the value of transactions. Evaluation of target companies acquisition. Structuring transactions: choosing a payment option. mergers and acquisitions. Determination of synergistic effect. Final modular test. Accounting and tax aspects of transnational mergers and acquisitions. Evaluating the effectiveness of transnational

1. Lajoux A., The Art of M&A. A Merger, Acquisition, and Buyout Guide. 5th Ed. New York: McGraw Hill. 2019. 1232 p. 2. Gaughan P. Mergers, Acquisitions, and Corporate Restructurings. Wiley Corporate F&A. 2017. 688 p. 3. Koller T., Goedhart M., Wessels D. Valuation: Measuring and Managing the Value of Companies. Wiley Finance Editions. 2020. 896 p. 4. Damodaran A. Investment Valuation: Tools and Techniques for Determining the Value of any Asset. Wiley Finance Series. 2012. 992 p.

Lectures, seminars, individual works, presentations, speeches during the lessons

1. Oral answers, business cases: - up to 50 points 2. Execution of individual independent work: - up to 30 points 3. Modular test (test): - up to 20 points

Ukrainian