000912990 000__ 13382nam\a2200493\i\4500 000912990 001__ 912990 000912990 003__ MiAaPQ 000912990 005__ 20211106003521.0 000912990 006__ m\\\\\o\\d\\\\\\\\ 000912990 007__ cr\cn\nnnunnun 000912990 008__ 190515s2015\\\\ne\a\\\\ob\\\\001\0\eng\d 000912990 020__ $$z9780128013908 000912990 020__ $$a9780128024539$$q(electronic bk.) 000912990 035__ $$a(MiAaPQ)EBC5754519 000912990 035__ $$a(Au-PeEL)EBL5754519 000912990 035__ $$a(OCoLC)1066583351 000912990 040__ $$aMiAaPQ$$beng$$erda$$epn$$cMiAaPQ$$dMiAaPQ 000912990 043__ $$an-us--- 000912990 050_4 $$aHD58.8$$b.D473 2015 000912990 0820_ $$a658.1/6$$223 000912990 1001_ $$aDePamphilis, Donald M.,$$eauthor. 000912990 24510 $$aMergers, acquisitions, and other restructuring activities :$$ban integrated approach to process, tools, cases, and solutions /$$cDonald M. DePamphilis, Ph. D. 000912990 250__ $$aEighth edition. 000912990 264_1 $$aAmsterdam :$$bElsevier,$$c[2015] 000912990 264_4 $$c©2015 000912990 300__ $$a1 online resource (xxiv, 758 pages) :$$billustrations 000912990 336__ $$atext$$btxt$$2rdacontent 000912990 337__ $$acomputer$$bc$$2rdamedia 000912990 338__ $$aonline resource$$bcr$$2rdacarrier 000912990 504__ $$aIncludes bibliographical references (pages 693-722) and index. 000912990 5050_ $$aPart I. The mergers and acquisitions environment. Introduction to mergers, acquisitions, and other restructuring activities. Inside mergers and acquisitions : PC maker Lenovo moves to diversify its core business -- Chapter overview -- Why M & As happen -- Historical developments in M & As -- Understanding corporate restructuring activities -- Alternative takeover strategies -- The role of holding companies in M & As -- The role of employee stock ownership plans (ESOPs) in M & As -- Business alliances alternatives to M & As -- Participants in the M & A process -- The implications of M & As for shareholders, bondholders, and society -- Some things to remember -- Chapter discussion questions -- Case study : Microsoft acquires Nokia -- Additional case study recommendations ; The regulatory environment. Inside mergers and acquisitions : gaining regulatory approval often requires concessions by merger partners; Chapter overview -- Understanding federal securities laws -- Understanding antitrust legislation -- The implications for M & A of the Dodd-Frank Wall Street reform and Consumer Protection Act -- State regulations affecting M & As -- Restrictions on direct foreign investment in the United States -- The U.S. Foreign Corrupt Practices Act -- Fair disclosure (regulation FD) -- Specific industry regulations -- Environmental laws -- Labor and benefit laws -- Cross-border transactions -- Some things to remember -- Chapter discussion questions -- Case study : regulators approve merger -- Additional case study recommendations ; The corporate takeover market. Inside mergers and acquisitions : Clothiers Men's Warehouse and Jos. A. Bank reach agreement after lengthy battle -- Chapter overview -- Corporate governance -- Understanding alternative takeover tactics -- Other tactical considerations -- Developing a bidding strategy -- Activist investors : gaining influence without control -- Understanding alternative takeover defenses -- The impact of takeover defenses on shareholder value -- Some things to remember -- Chapter discussion questions -- Case study : Dell goes private -- Additional case study recommendations -- pt. II. The mergers and acquisitions process : phases 1 -- 10. Planning : developing business and acquisition plans. Inside mergers and acquisitions : consolidation in the supermarket industry -- Chapter overview -- The role of planning in M & As -- The merger and acquisition process -- Phase 1 : building the business plan -- The business plan as a communication document -- Phase 2 : building the merger -- acquisition implementation plan -- Some things to remember -- Chapter discussion questions -- Case study : Facebook buys Whatsapp -- Additional case study recommendations ; Implementation : search through closing. Inside M & A : when patience pays -- Signet Jewelers to buy Zales -- Chapter overview -- Phase 3 : the search process -- Phase 4 : the screening process -- Phase 5 : first contact -- Phase 6 : negotiation -- Phase 7 : developing the integration plan -- Phase 8 : closing -- Phase 9 : implementing postclosing integration -- Phase 10 : conducting a postclosing evaluation -- Some things to remember -- Chapter discussion questions -- Case study : Google's foray into device makers -- Additional case study recommendations ; Postclosing integration. Inside mergers and acquisitions : the chllenges of airline integration -- Chapter overview -- The role of integration in successful M & As -- Integration is a process, not an event -- Integrating business alliances -- Integrating family owned firms -- Some things to remember -- Chapter discussion questions -- Case study : has Procter & Gamble fully recovered -- Additional case study recommendations. 000912990 5058_ $$aPart III. Mergers and acquisitions valuation and modeling. Mergers and acquisitions cash flow valuation basics. Inside M & A : valuation methodologies, fairness opinions, and Verizon's buyout of Vodafone's share of Verizon Wireless -- Chapter overview -- Estimating required financial returns -- Risk assessment -- Calculating free cash flows -- Applying discounted cash flow methods -- Using the enterprise method to estimate enquiry value -- Valuing nonoperating assets -- Putting it all together -- Some things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : Hewlett-Packard outbids Dell -- Additional case study recommendations ; Relative, asset-orientation, and real option valuation basics. Insider mergers and acquisitions : China's CNOOC acquires Canadian oil and gas producer Nexen Inc. -- Chapter overview -- Relative valuation methods -- Asset-oriented methods -- The weighted average valuation methods -- Adjusting valuation estimates for purchase price premiums -- Real options analysis -- Determining when to use the different approaches to valuation -- Some things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : valuing the Twitter IPO -- Additional case study ; Financial modeling basics. Insider mergers and acquisitions : the role of financial models in executive decision making -- Chapter overview -- What is financial modeling? -- Financial modeling data requirements -- Common financial model linkages -- Key steps in the valuation process -- Model balancing mechanism -- Data sources -- Managing the model -- Some things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : life technologies undertakes a strategic review -- Additional case study recommendations ; Analysis and valuation of privately held firms. Inside M & A : privately owned La Boulange Cafe & Bakery goes nationwide -- Chapter overview -- What are privately held companies? -- Governance issues -- Challenges of valuing privately held companies -- Process for valuing privately held businesses -- Step 1 : adjusting financial statements -- Step 2 : applying valuation methodologies to privately held companies -- Step 3 : developing discount rates -- Step 4 : applying control premiums, liquidity, and minority discounts -- Reverse mergers -- Using leveraged ESOPs to buy private companies -- Empirical studies of shareholder returns -- Some things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : STK steakhouse chain goes public -- Additional case study recommendations -- pt. IV. Deal structuring and financing strategies. Structuring the deal. Insider mergers and acquisitions : illustrating bidding strategies -- Apollo's takeover of CEC Entertainment -- Chapter overview -- The deal structuring process -- Form of acquisition vehicle and postclosing organization -- Legal form of the selling entry -- Form of payment -- Managing risk and reaching consensus on purchase price -- Constructing collar arrangements -- Form of acquisition -- Some things to remember -- Chapter discussion questions -- Case study : T-Mobile and MetroPCS complete merger -- Additional case study recommendations ; Structuring the deal. Inside M & A : Johnson & Johnson uses financial engineering to acquire Synthes Corporation -- Chapter overview -- Alternative tax structures -- Taxable transactions -- Tax-free transactions -- Other tax considerations affecting corporate restructuring -- Financial reporting of business combinations -- Impact of purchase accounting on business combinations -- Recapitalization ("recap") accounting -- Some things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : Softbank places a big bet -- Additional case study recommendations ; Financing the deal. Inside M & A : Verizon finances its $130 billion buyout of Vodafone's stake in Verizon Wireless -- Chapter overview -- How are M7A transactions commonly financed? -- What is the role of private equity, hedge, and venture capital funds in deal financing? -- LBOs as financing strategies -- What factors are critical to successful LBOs? -- How do LBOs create value? -- Common LBO deal and capital structures -- Some things to remember -- Chapter discussion questions -- Case study : Berkshire Hathaway and 3G buy Heinz -- Additional case study recommendations ; Applying financial models. Insider mergers and acquisitions : Comcast bids for Time Warner Cable -- evaluating proposals and counterproposals -- Chapter overview -- Understanding and applying M & A financial models -- M & A models : stock purchases -- M & A model : asset purchase -- Quantifying synergy -- Things to remember -- Chapter discussion questions -- Practice problems and answers -- Case study : Thermo Fisher acquires life technologies -- Additional case study recommendations -- Appendix A : debt repayment schedule, convertible securities, interest rates, and betas -- pt. V. Alternative business and restructuring strategies. Business alliances. Inside mergers and acquisitions : Coke moves from the vending machine into the "in-home" market -- Chapter overview -- Motivations for business alliances -- What makes business alliances successful? -- Alternative legal forms of business alliances -- Strategic and operational plans -- Resolving business alliance deal structuring issues -- Empirical findings -- Some things to remember -- Chapter discussion questions -- Case study : Comcast completes the takeover of NBCUniversal -- Additional case study recommendations ; Alternative exit and restructuring strategies. Inside M & A : General Electric downsizes its financial services unit -- Chapter overview -- Why do firms exit businesses? -- Divestitures -- Spin-offs and split-ups -- Tracking, targeted, and letter stocks -- Comparing alternative exit and restructuring strategies -- choosing among divestiture, carve-out, and spin-off restructuring strategies -- Determinants of returns to shareholders resulting from restructuring strategies -- Some things to remember -- Chapter discussion questions -- Case study : anatomy of a spin-off -- Additional case study recommendations ; Alternative exit and restructuring strategies. Inside M & A : American Airlines emerges from the protection of bankruptcy court -- Chapter overview -- Business failure -- Voluntary settlements outside of bankruptcy -- Reorganization and liquidation in bankruptcy -- Alternative options for failing firms -- The increasing role of hedge funds in the bankruptcy process -- Failing firms and systemic risk -- Predicting corporate default and bankruptcy -- Empirical studies of financial distress -- Some things to remember -- Chapter discussion questions -- Case study : Hostess Brands liquidates in bankruptcy -- Additional case study recommendations ; Cross-border mergers and acquisitions. Insider mergers and acquisitions : European mobile phone and cable industry shows signs of consolidation -- Chapter overview -- Globally integrated markets versus segmented capital markets -- Motives for international expansion -- Common international market entry strategies -- Structuring cross-border deals -- Financing cross-border deals -- Planning and implementing cross-border transactions in emerging countries -- How are cross-border transactions valued? -- Empirical studies of cross-border transactions -- Some things to remember -- Chapter discussion questions -- Case study : Actavis buys Forest Labs -- Additional case study : recommendations. 000912990 506__ $$aAccess limited to authorized users. 000912990 588__ $$aDescription based on print version record. 000912990 650_0 $$aOrganizational change$$zUnited States$$xManagement. 000912990 650_0 $$aConsolidation and merger of corporations$$zUnited States$$xManagement. 000912990 650_0 $$aCorporate reorganizations$$zUnited States$$xManagement. 000912990 655_0 $$aElectronic books 000912990 77608 $$iPrint version:$$aDePamphilis, Donald M.$$tMergers, acquisitions, and other restructuring activities : an integrated approach to process, tools, cases, and solutions.$$bEighth edition.$$dAmsterdam : Elsevier, c2015 $$z9780128013908 $$w(DLC) 2017303242 000912990 852__ $$bebk 000912990 85640 $$3ProQuest Ebook Central Academic Complete $$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=5754519$$zOnline Access 000912990 909CO $$ooai:library.usi.edu:912990$$pGLOBAL_SET 000912990 980__ $$aBIB 000912990 980__ $$aEBOOK 000912990 982__ $$aEbook 000912990 983__ $$aOnline