Mergers and Acquisitions-The 5 Stage ModelLaajuus (5 cr)

Objective

The student is aware of and understands the international aspects of Global Mergers and Acquisitions. Students will also acquire a basic understanding of how to deal with the specifics of Global Mergers and Acquisitions.

IBCRI Skills in Critical and Analytical Understanding
Critically review, analyze, and understand the information available from academic and professional business sources in the context of Global Mergers and Acquisitions:
• To understand the concept of M & A success or failure
• To understand the need to identify the sources of failure
• To learn about the 5-stage model of the M & A process
• To gain an overview of the important issues at each stage
• To understand the interconnected nature of the different stages

The course helps students to view M&A as a process, rather than a transaction, which requires insights from a number of disciplines to understand and effectively carry out. It considers that this process is a multi-stage one and that a holistic view of the process is necessary to appreciate the inter-stage links and develop effective value creating M&A strategies. To develop this holistic view, the course draws upon multiple perspectives developed by scholars in different disciplines. The course seeks to make students aware of risks and potential problems in the M&A process. Because of the increasing importance of M&A in individual countries, in regions, and across the World, the course deals with the above issues from an international perspective. The course seeks to provide a balanced approach to M&A drawing upon the conceptual, empirical, and practitioners perspectives.

Content

Video Recorded Lectures, Cases and Quizzes.

• Mergers can add or destroy shareholder value
• Evidence of significant value destruction
• Sources of merger failure
• Mergers, acquisitions, takeovers and buyouts – definitions
• The 5-stage model of M & A – a holistic view
• corporate strategy development;
• organizing for acquisitions;
• deal structuring and negotiation;
• post-acquisition integration; and
• post-acquisition audit and organizational learning.
• Corporate strategy and M & A?
• Company resources, capabilities required for M & A
• Pitfalls in deal structuring and negotiation
• Post-acquisition integration
• Post-acquisition audit and organizational learning
• Five stages inter-linked
• Firms undertaking M & A need to anticipate subsequent stage problems
• Firms need to maintain continuity from one stage to the following stages

Qualifications

no prerequisites

Assessment criteria, satisfactory (1)

Sufficient (1) -
Critical and Analytical Understanding Skills - You show some ability to analyze and evaluate academic and business information relevant to Global Mergers and Acquisitions


Satisfactory (2)-
Critical and Analytical Understanding - You show basic ability to analyze and evaluate academic and business information relevant for Global Mergers and Acquisitions

Assessment criteria, good (3)

Good (3) -

Critical and Analytical Understanding Skills - You show the ability to analyze and evaluate academic and business information relevant to Global Mergers and Acquisitions

Very Good (4) -

Critical and Analytical Understanding - You show a very good ability to analyze and evaluate academic and business information relevant for Global Mergers and Acquisitions.

Assessment criteria, excellent (5)

Excellent (5) -

Critical and Analytical Understanding - You show excellent ability to analyze and evaluate academic and business information relevant for Global Mergers and Acquisitions

Materials

Sudarsanam, Creating Value from Mergers and Acquisitions The Challenges,1st edition. Prentice Hall.