Merges, Acquisitions And Corporate Restructuring | MBA 3rd Sem | JNTUK

                                                                                           Syllabus

                                                                                    EF-304

Unit 1

Mergers- Types of Merger– Theories of Mergers- Operating, Financial and Managerial Synergy of Mergers – Value Creation in Horizontal, Vertical and Conglomerate Mergers – Internal and External Change Forces Contributing to M & A Activities- Impact of M & A on Stakeholders.

Unit 2

M & A – A Strategic Perspective- Industry Life Cycle and Product Life Cycle Analysis in M&A Decision, Strategic Approaches to M&A– SWOT Analysis, BCG Matrix. Takeovers, Types, Takeover Strategies, – Takeover Defences – Financial Defensive Measures – Methods of Resistance – Anti-Takeover Amendments – Poison Pills Legal Aspects of Mergers/Amalgamations and Acquisitions/Takeovers– Combination and Competition Act – Competition Commission of India (CCI), The SEBI Substantial Acquisition of Shares and Takeover Code.

Unit 3

Merger Process: Dynamics of M&A Process – Identification of Targets – Negotiation – Closing the Deal. Five-Stage Model – Due Diligence – Types – Due Diligence Strategy and Process – Due Diligence Challenges. Process of Merger Integration – Organisational and Human Aspects – Managerial Challenges of M & A.

Unit 4

Methods of Financing Mergers – Cash Offer, Share Exchange Ratio – Mergers as a Capital Budgeting Decision Synergies from M&A: Operating and Financial Synergy Accounting for Amalgamation – Amalgamation in the Nature of Merger and Amalgamation in the Nature of Purchase- Pooling of Interest Method, Purchase Method – Procedure Laid Down Under Indian Companies Act of 2013.

Unit 5

Corporate Restructuring – Significance – Forms of Restructuring – Joint Ventures – Sell Off and Spin Off – Divestitures – Equity Carve Out – Leveraged Buy Outs (LBO) – Management Buy Outs – Master Limited Partnership– Limited Liability Partnership (LLP) in India: Nature and 91 Incorporation of LLP-De Merger- Strategic Alliance Buyback of Shares.