{"product_id":"mergers-and-acquisitions-website-isbn-9781119265412","title":"Mergers and Acquisitions, + Website","description":"\u003cb\u003eThe legal, financial, and business primer to the M\u0026amp;A process\u003c\/b\u003e \u003cp\u003e\u003ci\u003eMergers and Acquisitions\u003c\/i\u003e offers accessible step-by-step guidance through the M\u0026amp;A process to provide the legal and financial background required to navigate these deals successfully. From the initial engagement letter to the final acquisition agreement, this book delves into the mechanics of the process from beginning to end, favoring practical advice and actionable steps over theoretical concepts. Coverage includes deal structure, corporate structuring considerations, tax issues, public companies, leveraged buyouts, troubled businesses and more, with a uniquely solution-oriented approach to the M\u0026amp;A process. This updated second edition features new discussion on cross-border transactions and \"pseudo\" M\u0026amp;A deals, and the companion websites provides checklists and sample forms to facilitate organization and follow-through. \u003c\/p\u003e\u003cp\u003eMergers and acquisitions are complex, and problems can present themselves at each stage of the process; even if the deal doesn't fall through, you may still come out with less than you bargained for. This book is a multi-disciplinary primer for anyone navigating an M\u0026amp;A, providing the legal, financial, and business advice that helps you swing the deal your way. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eUnderstand the legal mechanics of an M\u0026amp;A deal\u003c\/li\u003e \u003cli\u003eNavigate the process with step-by-step guidance\u003c\/li\u003e \u003cli\u003eCompare M\u0026amp;A structures, and the rationale behind each\u003c\/li\u003e \u003cli\u003eSolve common issues and avoid transactional missteps\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDo you know what action to take when you receive an engagement letter, confidentiality agreement, or letter of intent? Do you know when to get the banker involved, and how? Simply assuming the everything will work out well guarantees that it will—for the other side. Don't leave your M\u0026amp;A to chance; get the information and tools you need to get it done right. \u003ci\u003eMergers and Acquisitions\u003c\/i\u003e guides you through the process step-by-step with expert insight and real-world advice. \u003c\/p\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Structuring Fundamentals 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBasic Corporate Finance Concepts 1\u003c\/p\u003e \u003cp\u003eReasons for Acquisitions 7\u003c\/p\u003e \u003cp\u003eThree Basic Acquisition Structures 11\u003c\/p\u003e \u003cp\u003eStructuring Considerations: Overview 14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 The Acquisition Process 20\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOverview 20\u003c\/p\u003e \u003cp\u003eValuation of the Business 27\u003c\/p\u003e \u003cp\u003eInvestment Bank Engagement Letters 30\u003c\/p\u003e \u003cp\u003eConfidentiality Agreements 35\u003c\/p\u003e \u003cp\u003eLetters of Intent 37\u003c\/p\u003e \u003cp\u003eStay Bonuses and Other Employee Retention Arrangements 39\u003c\/p\u003e \u003cp\u003eBusiness and Legal Due Diligence 42\u003c\/p\u003e \u003cp\u003eIntellectual Property Due Diligence 55\u003c\/p\u003e \u003cp\u003eFrom Signing to Closing 66\u003c\/p\u003e \u003cp\u003eAppendixes 67\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Corporate (Nontax) Structuring Considerations 69\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBusiness Objectives and Other Nontax Structuring Considerations 69\u003c\/p\u003e \u003cp\u003eAcquisition Structure Diagrams 78\u003c\/p\u003e \u003cp\u003eForms of Acquisition Consideration 78\u003c\/p\u003e \u003cp\u003eDebt 83\u003c\/p\u003e \u003cp\u003eCash, Stock, and Earnouts 96\u003c\/p\u003e \u003cp\u003eSuccessor Liability and the De Facto Merger Doctrine 101\u003c\/p\u003e \u003cp\u003eSecurities Law Compliance 104\u003c\/p\u003e \u003cp\u003eAntitrust Compliance: Hart-Scott-Rodino Act 114\u003c\/p\u003e \u003cp\u003eEquity Compensation 120\u003c\/p\u003e \u003cp\u003eIncentive Stock Options 126\u003c\/p\u003e \u003cp\u003eEmployment Agreements and Noncompetition Covenants 130\u003c\/p\u003e \u003cp\u003eIndemnification 136\u003c\/p\u003e \u003cp\u003eEmployment and Benefits Law 138\u003c\/p\u003e \u003cp\u003eAcquisition Accounting 140\u003c\/p\u003e \u003cp\u003eRecapitalization Accounting 144\u003c\/p\u003e \u003cp\u003eAppendixes 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Tax Considerations 146\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTaxable Versus Tax-Free Transactions: Overview of Relevant Situations 146\u003c\/p\u003e \u003cp\u003eDetailed Analysis of the Positions of the Target and Its Owners and of the Buyer 148\u003c\/p\u003e \u003cp\u003eTaxable Transactions and Their Tax Effects 150\u003c\/p\u003e \u003cp\u003eTax-Free Transactions 154\u003c\/p\u003e \u003cp\u003eSpecial Situations 159\u003c\/p\u003e \u003cp\u003eGolden Parachute Tax 164\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 The Definitive Acquisition Agreement 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Terms 169\u003c\/p\u003e \u003cp\u003eRepresentations and Warranties 184\u003c\/p\u003e \u003cp\u003eCovenants 196\u003c\/p\u003e \u003cp\u003eAdditional Agreements 199\u003c\/p\u003e \u003cp\u003eConditions to Closing 200\u003c\/p\u003e \u003cp\u003eSurvival of Representations and Indemnification 201\u003c\/p\u003e \u003cp\u003eTermination 206\u003c\/p\u003e \u003cp\u003eMiscellaneous 206\u003c\/p\u003e \u003cp\u003eRepresenting Targets: A Summary 207\u003c\/p\u003e \u003cp\u003eAppendixes 210\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Acquisitions of Public Companies 211\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePublic-to-Public Mergers: What is Different? 211\u003c\/p\u003e \u003cp\u003eCase Law–Developed Fiduciary Duties and Standards of Review 214\u003c\/p\u003e \u003cp\u003eEvolution of Fiduciary Duty Case Law and Judicial Review 220\u003c\/p\u003e \u003cp\u003eSecurities Laws and Public Company Acquisitions 237\u003c\/p\u003e \u003cp\u003eAnti-Takeover Devices 247\u003c\/p\u003e \u003cp\u003eAppendix 256\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Leveraged Buyouts (Structural and Tax Issues) and Acquisitions of a Troubled Business (Creditors’ Rights and Bankruptcy) 257\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLeveraged Buyouts: Structural and Tax Issues 257\u003c\/p\u003e \u003cp\u003eAcquisition of a Troubled Business Generally 263\u003c\/p\u003e \u003cp\u003eFraudulent Transfers 265\u003c\/p\u003e \u003cp\u003eAcquisitions Out of Bankruptcy 272\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 International M\u0026amp;A 282\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCross-Border Acquisitions 282\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Joint Ventures 292\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReasons for Joint Ventures 292\u003c\/p\u003e \u003cp\u003eTypes of Joint Ventures 293\u003c\/p\u003e \u003cp\u003eTypical Joint Venture Terms 295\u003c\/p\u003e \u003cp\u003eAppendix 304\u003c\/p\u003e \u003cp\u003eAbout the Website 305\u003c\/p\u003e \u003cp\u003eIndex 307\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eEDWIN L. MILLER, J\u003csmall\u003eR\u003c\/small\u003e.\u003c\/b\u003e is a partner with Sullivan \u0026amp; Worcester. He has practiced corporate and securities law for over forty years. He has represented both issuers and underwriters in numerous IPOs, secondary stock offerings, and other public market transactions. In addition, he has organized a number of private equity\/venture capital funds and has represented venture capital firms and technology companies in venture financings. \u003c\/p\u003e\u003cp\u003e\u003cb\u003eLEWIS N. SEGALL\u003c\/b\u003e is a corporate partner and leader of the Corporate\/M\u0026amp;A Group at Sullivan \u0026amp; Worcester. He regularly represents public and private companies in equity and debt financings, joint ventures, domestic and international mergers and acquisitions, and general corporate matters. He also represents financial institutions in secured and unsecured credit facilities.    \u003c\/p\u003e\u003cp\u003eGetting mergers and acquisitions transactions successfully completed requires an understanding of the legal framework, negotiating points, and practical aspects of each stage of the deal. M\u0026amp;As are complex undertakings with lots of moving parts and no end of tricky twists and turns at every stage of the process. This is why, no matter what your role in an M\u0026amp;A, it behooves you to learn as much as you can about their mechanics before entering into such arrangements—or you could come out of it with a lot less than you'd bargained for. \u003c\/p\u003e\u003cp\u003eFortunately, \u003ci\u003eMergers and Acquisitions, Second Edition\u003c\/i\u003e makes it easier than ever for you to quickly get up to speed on all the M\u0026amp;A basics. Part legal primer, part business and negotiating how-to, it provides comprehensive, easy-to-digest insights, advice, and guidance for managers, investors, attorneys, and business professionals. \u003c\/p\u003e\u003cp\u003eAttorneys Edwin Miller and Lewis Segall draw upon their decades of experience orchestrating M\u0026amp;As in both the public and private spheres to school you in the mechanics of M\u0026amp;As. Taking a multidisciplinary, solution-oriented approach, they walk you step by step through the entire process, filling you in on what you need to know about finance fundamentals, structuring transactions, tax considerations, leveraged buyouts, acquiring troubled businesses, and much more. \u003c\/p\u003e\u003cp\u003eNew to this edition of the critically acclaimed guide are discussions of cross-border transactions and quasi-M\u0026amp;A deals like joint ventures, and a companion website providing checklists and sample forms to facilitate organization and concrete understanding. \u003c\/p\u003e\u003cp\u003eFrom the initial engagement letter to the final acquisition agreement, \u003ci\u003eMergers and Acquisitions, Second Edition\u003c\/i\u003e arms you with the knowledge and tools you need to successfully navigate the M\u0026amp;A process and come out of it with everything you bargain for.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for\u003c\/b\u003e\u003cb\u003e Mergers and Acquisitions\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003e\"Buyers and sellers both hope to be winners in an acquisition. But at the negotiating table, there is only one winner for each point and winning may mean a significant change in the deal economics. The insights in this book are crucial for both buyers and sellers and lay out the rationale for both sides of all of the money issues and other important deal points.\"\u003cbr\u003e \u003cb\u003e —Todd Koopersmith,\u003c\/b\u003e Senior Vice President, Corporate Development, Iron Mountain \u003c\/p\u003e\u003cp\u003e\"This book will help M\u0026amp;A professionals get up to speed on a wide range of deal points. It explains the legal background and transaction structuring issues in M\u0026amp;A transactions that every investment professional must know.\"\u003cbr\u003e \u003cb\u003e —Gregory Burkus,\u003c\/b\u003e Founder and Partner, Shasta Partners \u003c\/p\u003e\u003cp\u003e\"This book is an essential resource for businesspeople, and the lawyers and other professionals who advise them, to develop a real-world understanding of how the M\u0026amp;A process works. More importantly, it explains why specific deal structures, contractual terms, and diligence procedures are used.\"\u003cbr\u003e \u003cb\u003e —Jonathan Wolfman,\u003c\/b\u003e Partner, WilmerHale, Boston \u003c\/p\u003e\u003cp\u003e\"As U.S. M\u0026amp;A concepts, documents, and practices become increasingly adopted internationally, this book will be an invaluable resource. It provides an excellent overview of the entire area, and is easily understandable by corporate executives and lawyers outside the United States.\"\u003cbr\u003e \u003cb\u003e —Leo Specht,\u003c\/b\u003e Founder,\u003cb\u003e\u003c\/b\u003e Specht Rechtsanwalts-Gesellschaft mbH, Vienna, Austria\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989608906981,"sku":"NP9781119265412","price":79.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119265412.jpg?v=1761784793","url":"https:\/\/k12savings.com\/products\/mergers-and-acquisitions-website-isbn-9781119265412","provider":"K12savings","version":"1.0","type":"link"}