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FIN330 Mergers and Acquisitions

This subject aims to provide you with an understanding of the merger and acquisition process in the Australian market. You will acquire an understanding of the regulatory environment for mergers and acquisitions in Australia and identify the relevant shareholding thresholds under the Corporations Act. You will also gain an understanding of the research phase and role of the corporate adviser. You will be able to compare the different forms of acquisition, including private treaty acquisitions, and implement offeror and defensive strategies. You are required to demonstrate your application and understanding of the merger and acquisition process through comprehensive assessments that evidence your research and scholarship activities.

This subject contributes to the financial analysis and corporate finance majors.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Apply the regulatory framework to acquisitions and takeovers
      2. Compare different forms of acquisitions and divestments
      3. Apply valuation methods to mergers and acquisitions
      4. Implement offeror strategies
      5. Implement defensive strategies
      6. Compare methods of structuring and funding the acquisition.
  • Subject content
    • Topic Title
      Topic 1 An introduction to mergers and acquisitions
      Topic 2 Valuation issues in mergers and acquisitions
      Topic 3 Private treaty acquisitions and sales
      Topic 4 Regulatory considerations for bidders
      Topic 5 Public company activities
      Topic 6 Forms of consideration and funding the acquisition
      Topic 7 Commercial considerations and strategies for the acquirer
      Topic 8 Formal response to a bid
      Topic 9 Defensive strategies: Pre-emptive and reactive
      Topic 10 The Takeovers Panel

       

  • Assessment
    • Study Period 6, 2016 – Study Period 1, 2017

      Assessment Type Assessed Weighting
      Assignment Week 6 40%
      Examination Week 12 60%

      Click here for an assessment timetable.

       

      Study Period 2-6, 2017

      Assessment Type Assessed Weighting
      Examination Week 6 40%
      Assignment Week 12 60%

  • Prerequisites
    • Students enrolling in a Masters level elective subject are assumed to have the pre-requisite knowledge in the three core subjects (FIN101, FIN102, FIN103 and FIN114 (for students enrolled before 2014)).

      Kaplan recommends that you complete the following Kaplan Online subject (or have a thorough working knowledge of the content) prior to enrolling in this unit:

  • Course transition subject equivalence
    • Students who transition from a SIA/Finsia/Kaplan course and have completed the following subject within the course completion time frame may not also complete the subject:

      • E142 Mergers and Acquisitions
      • FIN230 Mergers and Acquisitions
  • Reading list
    • There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room.  Purchase of any text other than a prescribed text is not required.