Chapter-9收购、兼并和重组课后题目.pptVIP

* * * * * * * * * * * * * Prof. Notes: “In-the-money” options provide a cash inflow equal to the number of such options times the exercise price and reduce the adjusted target equity value. “Out of the money” options may also be convertible in change of control situations for some target firms. Convertible securities such as convertible debt and preferred stock do not provide cash inflows since when converted the original investment simply changes form from debt to common stock. * * * * * * * * * * * * * Using Financial Modeling Techniques to Value and Structure Mergers Acquisitions Tact is for people not witty enough to be sarcastic. --Anonymous Exhibit 1: Course Layout: Mergers, Acquisitions, and Other Restructuring Activities Part IV: Deal Structuring and Financing Part II: MA Process Part I: MA Environment Ch. 11: Payment and Legal Considerations Ch. 7: Discounted Cash Flow Valuation Ch. 9: Financial Modeling Techniques Ch. 6: MA Postclosing Integration Ch. 4: Business and Acquisition Plans Ch. 5: Search through Closing Activities Part V: Alternative Business and Restructuring Strategies Ch. 12: Accounting Tax Considerations Ch. 15: Business Alliances Ch. 16: Divestitures, Spin-Offs, Split-Offs, and Equity Carve-Outs Ch. 17: Bankruptcy and Liquidation Ch. 2: Regulatory Considerations Ch. 1: Motivations for MA Part III: MA Valuation and Modeling Ch. 3: Takeover Tactics, Defenses, and Corporate Governance Ch. 13: Financing the Deal Ch. 8: Relative Valuation Methodologies Ch. 18: Cross-Border Transactions Ch. 14: Valuing Highly Leveraged Transactions Ch. 10: Private Company Valuation Learning Objectives Primary learning objective: Provide students with a basic understanding of how to use financial models to value and structure MAs Secondary learning objectives: Provide students with a knowledge of How to estimate the value of synergy; Commonly used relationships in building MA valuation models; and How to use models t