Applied Mergers and Acquisitions, with CD-ROM (Wiley Finance)

Features

• Cover Type: Hard Cover with 1056 pages
• Published by: Wiley April 2, 2004
• Written in: English
• ISBN 10 Number: 0471395064
• ISBN 13 Number: 978-0471395065
• Book Dimensions: 10.1 x 7.2 x 1.9 inches
• Weighs: 4.1 pounds

Product Description
A comprehensive guide to the world of mergers and acquisitions
Why do so many M&A transactions fail? And what drives the success of those deals that are consummated? Robert Bruner explains that M&A can be understood as a response by managers to forces of turbulence in their environment. Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. By addressing the key factors of M&A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M&A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M&A deal. Applied Mergers and Acquisitions is part of a complete suite of resources on M&A that includes a workbook and a CD-ROM with additional spreadsheets.
Robert F. Bruner, MBA, DBA (Charlottesville, VA), is the Distinguished Professor of Business Administration at the Darden School at the University of Virginia and Executive Director of the Batten Institute. He directs the Darden School's executive education course on mergers and acquisitions, and teaches the popular MBA elective on that topic. He holds a BA from Yale University, and a MBA and DBA from Harvard University.0471395064 A comprehensive guide to the world of mergers and acquisitions 0471395064 A comprehensive guide to the world of mergers and acquisitions
Why do so many M&A transactions fail? And what drives the success of those deals that are consummated? Robert Bruner explains that M&A can be understood as a response by managers to forces of turbulence in their environment. Despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they spend great care and rigor in the development of their M&A deals. By addressing the key factors of M&A success and failure, Applied Mergers and Acquisitions can help readers do this. Written by one of the foremost thinkers and educators in the field, this invaluable resource teaches readers the art and science of M&A valuation, deal negotiation, and bargaining, and provides a framework for considering tradeoffs in an effort to optimize the value of any M&A deal. Applied Mergers and Acquisitions is part of a complete suite of resources on M&A that includes a workbook and a CD-ROM with additional spreadsheets.
Robert F. Bruner, MBA, DBA (Charlottesville, VA), is the Distinguished Professor of Business Administration at the Darden School at the University of Virginia and Executive Director of the Batten Institute. He directs the Darden School's executive education course on mergers and acquisitions, and teaches the popular MBA elective on that topic. He holds a BA from Yale University, and a MBA and DBA from Harvard University.

From the Inside Flap
Mergers and acquisitions is no easy path to riches or career advancement. All you have to do is open a newspaper or turn on your television to watch some of the most well-thought-out deals fall apart at the seams. But despite the material failure rates of mergers and acquisitions, those pulling the trigger on key strategic decisions can make them work if they exercise great care and rigor in the development of their M&A deals. It is possible to succeed in the world of mergers and acquisitions, and this book, with its companion CD-ROM, can put you on the right track to do so.

Applied Mergers and Acquisitions with CD-ROM combines the dynamic flexibility of CD-ROM technology with the depth and breadth of a traditional core text. By addressing the key factors of M&A success and failure, this package shows you the best ways to analyze, design, and implement M&A deals. Created by one of the foremost thinkers and educators in the field, this invaluable resource will not offer you a rigid guide to M&A success–because there is no set way to make M&A work–but it will introduce you to the art and science of M&A valuation, reveal the nuances of deal negotiation and bargaining, as well as provide you with a framework for considering tradeoffs in an effort to optimize the value of any M&A deal.

Applied Mergers and Acquisitions with CD-ROM is filled with in-depth insights, expert advice, and numerous real-world M&A case studies that clearly illustrate the ideas described throughout the book. The ready-to-use template spreadsheet files provided on the companion CD-ROM will quickly show you how to start exercising your intuition and apply the ideas found in this book to your own deals. A value-added workbook, also available for purchase, will help you continue learning the M&A discipline by practicing it.

Important M&A issues discussed include:

• Strategies and the origination of transaction proposals
• Analysis of transaction proposals, terms, and tactics
• The design of detailed transaction terms
• Rules of the road: governance, laws, and regulations
• Competition, hostility, and behavioral effects in M&A
• Communication, integration, and best practices

Through a focus on ideas and their application, Applied Mergers and Acquisitions with CD-ROM answers many difficult M&A questions. Questions and problem sets, tailored to each chapter, will also help boost your understanding of the topics presented and review concepts that are not clear. By illustrating the tools, concepts, and processes essential to M&A success, this comprehensive survey of the M&A field will increase your chances of a favorable outcome in any potential deal.

Reader Reviews
This review is from: Applied Mergers and Acquisitions (Wiley Finance) (Hardcover) This book is by far the best on M&A. To understand what makes this book the best, it is necessary to understand what a comprehensive book on M&A should have and how other books on the market stack up on required content: 1) A discussion of the legal framework in M&A 2) The Strategic case for M&A - Why M&A as opposed to Organic growth strategies 3) The importance of Due Diligence - Why, What, How 4) Synergies - Types, estimation 5) Valuation for M&A - DCF, Multiples, Break-up, LBO, etc. 6) Accounting (Investor Perception) issues - Accretion, Dilution 7) Structuring the Transaction - Cash vs. Stock, Earnouts, Taxation issues 8) Pitfalls and how to avoid them - Overpayment, Thinking like an investor, etc. This is the only one on the market that does justice to all topics. Other books on the market have an exclusive focus on one or two issues. For instance, Arzac's book is the most comprehensive valuation guide available but is weak on issues like due diligence. Gaughan's book has all the legal procedures and forms that one would need to know about but is has next to nothing on valuation. Marren's book is outdated and full of spreadsheets with almost next to nothing on other topics. DePamphilis' book is weak on valuation but covers many of the other topics. Books by Reed & Lajoux cover Structuring, Taxation, Due Diligence in separate volumes and in that sense they are discontinuous. This book puts all topics together and provides a very good treatment of each. The book may not be the best for Valuation alone or for Structuring alone but it is a great one-point reference on all topics. It has very good bibliography and those who want to delve deeper can always pick up the specialized books. For some reason, however, I never got the CD with my purchase and therefore, please check before you buy.