Mergers, Acquisitions, and Corporate Restructurings

THE TIME–TESTED GUIDE TO MERGERS AND ACQUISITIONS, THOROUGHLY UPDATED WITH THE MOST CURRENT RESEARCH AND STATISTICS

"The rapidly evolving nature of M&As requires constant updating. Every effort has been made to include recent developments occurring just before the publication date. We wish the reader an enjoyable and profitable trip through the world of M&As."
From the Preface by Patrick A. Gaughan

Revised and updated to reflect the recent developments in mergers and acquisitions, the seventh edition of Mergers, Acquisitions, and Corporate Restructurings offers a practical and all–inclusive guide to the changing trends, legislations, and global perspectives.

Written in clear terms and designed to be more approachable, the new edition features the latest research and data to provide the most accurate assessment of the current merger and acquisition landscape. In addition, ancillary materials include PowerPoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension.

Mergers, Acquisitions, and Corporate Restructurings is an essential resource for executives who are planning to enhance their organization′s success.

Preface xi

PART I: BACKGROUND

Chapter 1: Introduction 3

Chapter 2: History of Mergers 41

Chapter 3: Legal Framework 71

Research Note: Event Studies Methodology 124

Chapter 4: Merger Strategy 127

PART II: HOSTILE TAKEOVERS

Chapter 5: Antitakeover Measures 183

Chapter 6: Takeover Tactics 237

Chapter 7: Hedge Funds as Activist Investors 279

PART III: GOING–PRIVATE TRANSACTIONS AND LEVERAGED BUYOUTS

Chapter 8: Leveraged Buyouts 305

Chapter 9: The Private Equity Market 345

Chapter 10: High–Yield Financing and the Leveraged Loan Market 369

PART IV: CORPORATE RESTRUCTURING

Chapter 11: Corporate Restructuring 389

Chapter 12: Restructuring in Bankruptcy 437

Chapter 13: Corporate Governance 477

Chapter 14: Joint Ventures and Strategic Alliances 535

Chapter 15: Valuation 551

Chapter 16: Tax Issues in M&A 613

Glossary 631

Index 643

PATRICK A. GAUGHAN is President of Economatrix Research Associates, an economic and financial consulting firm. The firm specializes in the application of economics and finance to litigated matters. Dr. Gaughan also provides various consulting services in the field of mergers and acquisitions and valuation. Dr. Gaughan is also a Professor at the University of International Business and Economics in Beijing, China.