What are Mergers and Acquisitions?

Merger in common language is known as combination of two or more things together to form one whole thing. In corporate world Merger refers a combination of two or more companies to form a new entity, in which the individual companies cease to exist. For example, in the 1999 merger of Glaxo Welcome and SmithKline Beecham, both firms ceased to exist when they merged, and a new company, GlaxoSmithKline was created.

Acquiring in general means purchasing or procuring. In Corporate Acquisition, one company acquires other company, in which the company being acquired (called as target co.), ceases to exist and becomes a part of the acquiring co. and no new co. is formed.  For example, in 2007, Indian company Tata steel acquired the Anglo-Dutch steelmaker Corus for $12.2 billion.

Merger can be

  • Horizontal: It is a Combination of two or more firms operating in the same stage of production. Example: Merger of RPL with RIL in the year 2009.
  • Vertical: It is a Combination of two firms that operate in different stages of production.
  • ·Example: Maersk Logistics & Damco merge on June 2009
  • Conglomerate: This is a Combination of two or more firms which are unrelated lines of business. Example: Merger of Infovision and Serco Group on Nov 2008

Acquisitions can be

  • Friendly Acquisition: It is the acquisition of a target company that is willing to be taken over Example: IBM acquired Daksh e-Services on May 2004.
  • Hostile Acquisition: Here the target has no desire to be acquired and actively rebuffs the acquirer and refuses to provide any confidential information. Example: Kraft acquires Cadbury on 19 Jan 2010 for $18.9 billion

Why Mergers and Acquisitions Course from Corporate Bridge?

Mergers and acquisitions accretion dilution analysis is where Investment Bankers assist in negotiating & structuring merger between two companies. This course is prepared by M&A analyst. Also it is approved by CFA Institute‚ for 2 CE credit hours i.e. if you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE tracking tool.

With this course you will learn

  • Excel Proficiency for Analysts through sensitivity analysis, macros, graphs and charts, filters, pivot tables & Excel shortcuts
  • Learn the tools and tricks to apply Purchase and Pooling method of accounting for creating Merger Securities.
  • Learn complex financial Merger & Acquisitions modeling on Excel. Understand strategy behind the deal, road blocks, financing etc.
  • Learn historic case studies on M&A that provides insights to an Investment Banking Analysts on the reasons for M&A and how to deal with the same.
  • Understand M&A’s, Take-Over’s and Evaluate “cheap”/”expensive” transactions.
  • Merger and Acquisition Modeling tools and tricks that would apply to purchase method of accounting for creating merger scenario in excel.

Target Audience

  • Students
  • CFA aspirants
  • Investment Banking Professionals

Testimonials

Safal Acharya

I had a wonderful learning experience with CB. I understood a number of fundamental concepts essential for developing a working knowledge on M&A taking into consideration the case studies discussed. I would recommend this course to every one pursuing finance as a core area of study.

Ashutosh Singh, Symbiosis Institute Of Management Studies (Sims)‚ Khadki.

It was a wonderful learning experience with CB. When I started‚ I was not certain how an online module would help me in understanding concepts of M&A. These modules do not only provide conceptual knowledge but also encourages a student to seek it from other sources as well hence developing the habit of ‘self-learning’.

Joanita Saldhana

Awesome Course…!!! I had a wonderful learning experience with CB. I understood a number of fundamental concepts essential for developing a working knowledge on M&A .I would recommend Corporate bridge Course to every one pursuing finance as a core area of study.

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