{"product_id":"applied-mergers-and-acquisitions-isbn-9780471395058","title":"Applied Mergers and Acquisitions","description":"\u003cp\u003e\u003cb\u003eA comprehensive guide to the world of mergers and acquisitions\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy do so many M\u0026amp;A transactions fail? And what drives the success of those deals that are consummated? Robert Bruner explains that M\u0026amp;A can be understood as a response by managers to forces of turbulence in their environment. Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M\u0026amp;A deals. By addressing the key factors of M\u0026amp;A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M\u0026amp;A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M\u0026amp;A deal. \u003c\/p\u003e \u003cp\u003eForeword\u003c\/p\u003e \u003cp\u003ePreface\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 Introduction and Key Themes 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 Introduction and Executive Summary 3\u003c\/p\u003e \u003cp\u003eChapter 2 Ethics in M\u0026amp;A 13\u003c\/p\u003e \u003cp\u003eChapter 3 Does M\u0026amp;A Pay? 30\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Strategy and the Origination of Transaction Proposals 67\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 4 M\u0026amp;A Activity 69\u003c\/p\u003e \u003cp\u003eChapter 5 Cross-Border M\u0026amp;A 98\u003c\/p\u003e \u003cp\u003eChapter 6 Strategy and the Uses of M\u0026amp;A to Grow or Restructure the Firm 123\u003c\/p\u003e \u003cp\u003eChapter 7 Acquisition Search and Deal Origination: Some Guiding Principles 183\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Diligence, Valuation, and Accounting 205\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 8 Due Diligence 207\u003c\/p\u003e \u003cp\u003eChapter 9 Valuing Firms 247\u003c\/p\u003e \u003cp\u003eChapter 10 Valuing Options 296\u003c\/p\u003e \u003cp\u003eChapter 11 Valuing Synergies 325\u003c\/p\u003e \u003cp\u003eChapter 12 Valuing the Firm across Borders 348\u003c\/p\u003e \u003cp\u003eChapter 13 Valuing the Highly Levered Firm, Assessing the Highly Levered Transaction 393\u003c\/p\u003e \u003cp\u003eChapter 14 Real Options and Their Impact on M\u0026amp;A 424\u003c\/p\u003e \u003cp\u003eChapter 15 Valuing Liquidity and Control 455\u003c\/p\u003e \u003cp\u003eChapter 16 Financial Accounting for Mergers and Acquisitions 478\u003c\/p\u003e \u003cp\u003eChapter 17 Momentum Acquisition Strategies: An Illustration of Why Value Creation Is the Best Financial Criterion 511\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 Design of Detailed Transaction Terms 529\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 An Introduction to Deal Design in M\u0026amp;A 531\u003c\/p\u003e \u003cp\u003eChapter 19 Choosing the Form of Acquisitive Reorganization 547\u003c\/p\u003e \u003cp\u003eChapter 20 Choosing the Form of Payment and Financing 564\u003c\/p\u003e \u003cp\u003eChapter 21 Framework for Structuring the Terms of Exchange: Finding the \"Win-Win\" Deal 589\u003c\/p\u003e \u003cp\u003eChapter 22 Structuring and Valuing Contingent Payments in M\u0026amp;A 609\u003c\/p\u003e \u003cp\u003eChapter 23 Risk Management in M\u0026amp;A 636\u003c\/p\u003e \u003cp\u003eChapter 24 Social Issues 668\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 5 Rules of the Road: Governance, Laws, and Regulations 683\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 25 How a Negotiated Deal Takes Place 685\u003c\/p\u003e \u003cp\u003eChapter 26 Governance in M\u0026amp;A: The Board of Directors and Shareholder Voting 703\u003c\/p\u003e \u003cp\u003eChapter 27 Rules of the Road: Securities Law, Issuance Process, Disclosure, and Insider Trading 725\u003c\/p\u003e \u003cp\u003eChapter 28 Rules of the Road: Antitrust Law 742\u003c\/p\u003e \u003cp\u003eChapter 29 Documenting the M\u0026amp;A Deal 766\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 6 Competition, Hostility, and Behavioral Effects in M\u0026amp;A 771\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 30 Negotiating the Deal 773\u003c\/p\u003e \u003cp\u003eChapter 31 Auctions in M\u0026amp;A 790\u003c\/p\u003e \u003cp\u003eChapter 32 Hostile Takeovers: Preparing a Bid in Light of Competition and Arbitrage 804\u003c\/p\u003e \u003cp\u003eChapter 33 Takeover Attack and Defense 824\u003c\/p\u003e \u003cp\u003eChapter 34 The Leveraged Restructuring as a Takeover Defense: The Case of American Standard 856\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 7 Communication, Integration, and Best Practice 877\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 35 Communicating the Deal: Gaining Mandates, Approvals, and Support 879\u003c\/p\u003e \u003cp\u003eChapter 36 Framework for Postmerger Integration 891\u003c\/p\u003e \u003cp\u003eChapter 37 Corporate Development as a Strategic Capability: The Approach of GE Power Systems 914\u003c\/p\u003e \u003cp\u003eChapter 38 M\u0026amp;A \"Best Practices\": Some Lessons and Next Steps 926\u003c\/p\u003e \u003cp\u003eAbout the CD-ROM 939\u003c\/p\u003e \u003cp\u003eReferences and Suggestions for Further Reading 945\u003c\/p\u003e \u003cp\u003eIndex 1001\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eROBERT F. BRUNER\u003c\/b\u003e is the Distinguished Professor of Business Administration at the Darden School of the University of Virginia and Executive Director of the Batten Institute. He directs the Darden School's executive education course on mergers and acquisitions, and teaches the popular MBA elective on that topic. He is the author of over 250 case studies and a casebook, \u003ci\u003eCase Studies in Finance: Managing for Corporate Value Creation,\u003c\/i\u003e which has been adopted for use at over 200 schools. Bruner's articles have been published in the \u003ci\u003eJournal of Financial Economics,\u003c\/i\u003e the\u003ci\u003e Journal of Accounting and Economics,\u003c\/i\u003e the\u003ci\u003e Journal of Financial and Quantitative Analysis,\u003c\/i\u003e the\u003ci\u003e Journal of Money, Credit, and Banking,\u003c\/i\u003e and\u003ci\u003e Financial Management.\u003c\/i\u003e He has served as a consultant to over twenty corporations as well as to the U.S. Government, and prior to his academic career, worked as a commercial banker and venture capitalist. Bruner holds a BA from Yale University, and an MBA and DBA from Harvard University.   \u003c\/p\u003e\u003cp\u003eMergers and acquisitions is no easy path to riches or career advancement. All you have to do is open a newspaper or turn on your television to watch some of the most well-thought-out deals fall apart at the seams. But despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they exercise great care and rigor in the development of their M\u0026amp;A deals. It is possible to succeed in the world of mergers and acquisitions, and this book can put you on the right track to do so. \u003c\/p\u003e\u003cp\u003eBy addressing the key factors of M\u0026amp;A success and failure, \u003ci\u003eApplied Mergers and Acquisitions\u003c\/i\u003e shows you the best ways to analyze, design, and implement M\u0026amp;A deals. Written by one of the foremost thinkers and educators in the field, this invaluable resource won't offer you a rigid guide to M\u0026amp;A success—because there is no set way to make M\u0026amp;A work—but it will introduce you to the art and science of M\u0026amp;A valuation, reveal the nuances of deal negotiation and bargaining, as well as provide you with a framework for considering tradeoffs in an effort to optimize the value of any M\u0026amp;A deal. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eApplied Mergers and Acquisitions\u003c\/i\u003e is filled with in-depth insights, expert advice, and numerous real-world M\u0026amp;A case studies that clearly illustrate the ideas described throughout the book. It is also fully supported by value-added learning tools—including a CD-ROM and Workbook—that may be purchased concurrently or at a later date to further enhance the reader's overall learning experience with the core text. \u003c\/p\u003e\u003cp\u003eImportant M\u0026amp;A issues discussed include: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eStrategies and the origination of transaction proposals\u003c\/li\u003e \u003cli\u003eAnalysis of transaction proposals, terms, and tactics\u003c\/li\u003e \u003cli\u003eThe design of detailed transaction terms\u003c\/li\u003e \u003cli\u003eRules of the road: governance, laws, and regulations\u003c\/li\u003e \u003cli\u003eCompetition, hostility, and behavioral effects in M\u0026amp;A\u003c\/li\u003e \u003cli\u003eCommunication, integration, and best practices\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThrough a focus on ideas and their application, \u003ci\u003eApplied Mergers and Acquisitions\u003c\/i\u003e answers many difficult M\u0026amp;A questions, including: What is the best practice in M\u0026amp;A, and how can you understand M\u0026amp;A activity? By illustrating the tools, concepts, and processes essential to M\u0026amp;A success, this comprehensive survey of the M\u0026amp;A field will increase your chances of a favorable outcome in any potential deal.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988752220389,"sku":"NP9780471395058","price":105.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471395058.jpg?v=1761781450","url":"https:\/\/k12savings.com\/products\/applied-mergers-and-acquisitions-isbn-9780471395058","provider":"K12savings","version":"1.0","type":"link"}