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FM407E      Half Unit
Mergers, Buyouts and Corporate Restructurings

This information is for the 2018/19 session.

Teacher responsible

Dr Vicente Cuñat

Availability

This course is available on the MSc in Finance (part-time). This course is not available as an outside option.

Pre-requisites

Students must have completed Corporate Finance (FM422E) and Asset Markets (FM423E).

Course content

  • Financial Analysis of Firms and Corporate Transactions
  • Mergers, Acquisitions and Leveraged Buyouts
  • Distress, Bankruptcy and Corporate Restructuring

This course covers advanced topics in Corporate Finance. It focuses on the strategy, valuation and execution of corporate deals. In particular, the first part of the course covers mergers, divestitures, partial-divestitures (e.g. equity carve outs) and leveraged buyouts. The second part of the course provides a framework of analysis for the resolution of financial distress and bankruptcy. Each of the topics introduced in this course covers both institutional details and results of relevant academic research. It is furthermore supported by case studies and practitioner talks.

Teaching

30 hours of lectures in the LT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.

Formative coursework

Regular courseworks will be completed, handed in and marked as part of formative assessment for this course.

Indicative reading

A course pack will be distributed that includes case studies as well as additional readings such as textbook chapters, and practitioner articles. 

Assessment

Exam (70%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Project (30%) in the LT.

Key facts

Department: Finance

Total students 2017/18: 23

Average class size 2017/18: 23

Controlled access 2017/18: Yes

Value: Half Unit

Personal development skills

  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills