Mergers, Acquisitions and Corporate Restructuring VTU MBA 4TH Sem

Syllabus

22MBAFM404: Mergers, Acquisitions and Corporate Restructuring

MODULE-1                                                                                                       (6 Hours)

Corporate Restructuring Meaning, Significance and Forms of Restructuring–Sell-Off, Spin-Off, Divestitures, Demerger, Equity Carve Out (ECO), Leveraged Buy Outs (LBO), Management Buy Out (MBO), Master Limited Partnership (MLP), Limited Liability Partnership (LLP) and Joint Ventures. (Theory). Introduction to Cross-Borders Mergers and Acquisitions.

MODULE-2                                                                                                       (6 Hours)

Mergers and Acquisitions (M&A): Introduction of M & A, Meaning-Types of Mergers–Merger Motives-Theories of Mergers-Mergers and Industry Life Cycle, Reasons for Failures of M & A synergy- Types of Synergy–Value Creation in M&A (Theory).

MODULE-3                                                                                                       (6 Hours)

Merger Process: Procedure for Effecting M & A-Five-Stage Model–Due Diligence–Types, Process and Challenges of Due Diligence-HR Aspects of M & A–Tips for Successful Mergers-Process of Merger Integration (Theory).

MODULE-4                                                                                                       (8 Hours)

Financial Evaluation of M & A Merger as a Capital Budgeting-Business Valuation Approaches-Asset Based, Market Based and Income Based Approaches-Exchange Ratio (Swap Ratio)-Methods of Determining Exchange Rate. (Theory and Problems).

MODULE-5                                                                                                       (8 Hours)

Accounting Aspects of Amalgamation: Types of Amalgamations (Amalgamation in the Nature of Merger and Amalgamation in the Nature of Purchase)-Methods of Accounting-Pooling of Interest Method and Purchase Method)–Calculation of Purchase Consideration-Journal Entries in the Books of Transferor & Transferee Company-Ledger Accounts in the Books of Transferor and Transferee Companies. (Theory and Problems).

MODULE-6                                                                                                       (6 Hours)

Acquisitions/Takeovers & Post Acquisition Integration: Meaning and Types of Acquisition/Takeovers (Friendly and Hostile Takeovers)-Anti-Takeover Strategies-Anti-Takeover Amendments-Legal and Human Framework of M & A-Combination and Competition Act-2002, Competition Commission of India (CCI)-The SEBI Substantial Acquisition of Shares and Takeover (Takeover Code-2011). Post Acquisition Integration: Organisation and Human Aspect of Post Acquisition –Stages in the Integration Process (Theory).