Summary |
This text is an attempt to provide organization to a topic that is inherently complex due to the diversity of applicable subject matter and the breadth of disciplines that must be applied to complete most transaction. Consequently, the discussion of M&A is not easily divisible into highly focused chapters. Efforts to compartmentalize the topic often result in the reader not understanding how the various seemingly independent topics are integrated. Understanding M&A involves an understanding of a full range of topics including management, finance, economics, business law, financial and tax accounting, organizational dynamic, and the role of leadership.
With this in mind, this book attempts to provide a new organizational paradigm for discussing the complex and dynamically changing world of M&A. The book is organized according to the context in which topics normally occur in the M&A process. As such, the book is divided into five parts: M&A environment, M&A process, M&A valuation and modeling, deal structuring and financing, and alternative business and restructuring strategies. Topics that are highly integrated are discussed within these five groupings. See the figure on p. xxi for the organizational layout of the book
Finally, this book quips the instructor with the information and tools needed to communicate effectively with students having differing levels of preparation. The generous us of examples and contemporary business cases makes the text suitable for distance learning and self-study programs, as well as large, lecture-focused. Prerequisites for this text include familiarity with basic accounting, finance, economics, and general management concepts.
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