Overview
"The business of mergers and acquisitions (M&A) is one that is ever present in the corporate world. Despite the global recession, the subprime crisis, and the credit slump, it's evident that, as the economy expands, M&A expand right along with it, becoming an increasingly important part of the corporate finance and corporate strategy fields." "Written to show you the kind of corporate restructuring that can be used succesfully within your own corporation, this Fifth Edition of Mergers. Acquisitions, and Corporate Restructurings examines the full range of corporate restructurings in use today, from mergers and acquisitions to joint ventures and strategic alliances to divestitures and other kinds of sell-offs. Thoroughly updated, the new edition devotes an entire chapter to the valuation of business, including the valuation of both public and privately held firms." "Author Patrick Gaughan addresses the growth and development of the field of M&A through both a practical and historical focus. followed by a review of the laws and rules that govern the field." "The Fifth Edition also analyzes recent financing trends, including the impact of the subprime crisis and the global recessions and recovery, as well as the prominent role of private equity firms and hedge funds in the M&A business." Written to help organizations compete in today's global market, Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition provides you with the intricate ins and outs of corporate restructuring, and how to make the most of them in your organization.
Following up on his groundbreaking book, winner of the Book of the Year Award in its category from the Association of American Publishers, author and business valuations expert Patrick Gaughan illustrates how mergers, acquisitions, and other vital forms of restructuring can work for your company.
Synopsis
Your all-inclusive guide to M&As and corporate restructurings
Practical in perspective and global in scope, Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition carefully analyzes the strategies and motives that inspire M&A, the laws and rules that govern the field, as well as the offensive and defensive techniques of hostile acquisitions.
Thoroughly revised and packed with the most up-to-date research, graphs, and case studies, Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition explores:
- Recent takeover trends across the globe
- The role of leveraged transactions and private equity financing
- The increasing role of hedge funds in corporate restructurings
- A review of shareholder wealth effects of a variety of takeover actions
- Modern, historical, and global perspectives of the field
- The various forms of downsizing including divestitures, spin-offs, and equity carve-outs
- Bankruptcy as an effective restructuring technique
- Latest developments in corporate governance
- Pros and cons of joint ventures and strategic alliances
- Primary methods used to value public and private companies
Author and business valuations expert Patrick Gaughan provides a fresh perspective on M&A in today's global business landscape, and how your company can reap the benefits from the various forms of restructurings available.