FIN 428

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Mergers and Acquisitions, Restructuring, and Bankruptcy

Finance Marriott School of Business

Course Description

Fundamental skills in evaluating M&A and restructuring opportunities, including financial distress and bankruptcy. Practical modeling skills as well as the economic factors that drive value creation or destruction in restructuring situations.

When Taught

Fall

Min

3

Fixed/Max

3

Fixed

3

Fixed

0

Title

Rationale

Learning Outcome

Articulate the reasons firms merge or divest, and how these actions might create value.

Title

Valuation

Learning Outcome

Value companies in the context of M&A, including the valuation of synergies.

Title

Financing

Learning Outcome

Explain how sources of financing affect M&A and be able to forecast financing needs after a merger occurs.

Title

Distress and Bankruptcy

Learning Outcome

Communicate how financial distress and bankruptcy can destroy value in a company but also create opportunities to pivot firms in new directions.