FM407E Half Unit
Mergers, Buyouts and Corporate Restructurings
This information is for the 2019/20 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 FM422E and 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 MT.
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 MT.
Key facts
Department: Finance
Total students 2018/19: 27
Average class size 2018/19: 26
Controlled access 2018/19: No
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Communication
- Application of numeracy skills
- Commercial awareness
- Specialist skills
