Learning Outcomes
On successful completion of this subject individuals should be able to:
- Apply the regulatory framework to acquisitions and takeovers
- Compare different forms of acquisitions and divestments
- Apply valuation methods to mergers and acquisitions
- Implement offeror strategies
- Implement defensive strategies
- Compare methods of structuring and funding the acquisition.
Topics covered
- Introduction to mergers and acquisitions
- Valuation issues in mergers and acquisitions
- Private treaty acquisitions and sales
- Regulatory considerations for bidders
- Public company activities
- Forms of consideration and funding the acquisition
- Commercial considerations and strategies for the acquirer
- Formal response to a bid
- Defensive strategies: Pre-emptive and reactive
- The Takeovers Panel
