AFF5361

Mergers, acquisitions and financial restructuring ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Professor M. Ariff

Offered:
Caulfield SA-02 2006 (On-campus)

Synopsis: This unit provides an introduction to corporate financial restructuring as a general subject on how corporations (a) rehabilitate ailing firms and (b) how an analyst evaluate shareholder value creation through mergers or financial restructuring of corporations. The skills in valuation analysis acquired in basic finance course will be enhanced by the development of several restructuring modeling ideas such as the ones for takeovers, spin-offs, equity careouts, etc. Students also do a group project on restructuring, takeover, and mergers using a listed firm: there is a special database of mergers and takeover firms, which the students will use for this purpose.

Assessment: Project report of an applied capital market analysis: 50% + Examination (3 hours): 50%.

Contact Hours: Intensive mode over about 12 days including weekends.

Prerequisites: AFX9641 or AFF9250 or MBA9005