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Mergers and Acquisitions

Course code
FIN601
Course type
MSc Course
Weekly Hours
2,5
ECTS
5.0
Term
FS 2019
Language
Englisch
Lecturers
Prof. Dr. Nihat Aktas
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.
The course aims at providing participants general knowledge on M&As from a corporate finance perspective. After successful completion of the course, the course participants will have a solid understanding of the most fundamental issues and concepts in the M&A field. Without being exhaustive, the following topics will be covered during the course: wealth effects associated with M&As, motivations of companies to enter the M&A market, role and value added of investment banks in the takeover process, choice of the sale process, business valuation, merger arbitrage, role of CEOs in large transactions, and further issues related to regulation and social utility associated with the existence of an active M&A market.
Date Time
Monday, 07.01.2019 15:30 - 20:30
Students are expected to take a very active role in their learning. The course relies on interactive lessons, and includes transmitting problem‐centered information, collaborative learning in small groups, case studies, and testimony from practitioners.
DePamphilis Donald M., 2014. Mergers, acquisitions, and other restructuring activities. Elsevier Academic Press, 7th Edition.Berk, Jonathan, and Peter DeMarzo, 2014. Corporate finance, Pearson International.Damodaran, Aswath, 2012. Investment valuation: Tools and techniques for determining the value of any asset. Wiley Finance, 3rd edition.Stowell, David, P., 2013. Investment banks, hedge funds, and private equity. Elsevier Academic Press. Second edition
Students are expected to take a very active role in their learning. The course relies on interactive lessons, and includes transmitting problem‐centered information, collaborative learning in small groups, case studies, and testimony from practitioners.
  • Written Examination
  • Presentation/Seminar Papers

- 40% of the final grade are based on a group project
- 60% of the final grade are based on the result in the exam

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