Global Mergers and Acquisitions, livre ebook

This first volume of the second edition of Global Mergers and Acquisitions primarily deals with corporate restructuring through mergers and acquisitions (M&As). It critically examines all functions that must be performed in completing an M&A transaction. Domestic and crossborder M&A’s are very similar in many respects even though differences between them also exist. The book includes discussions of international finance and multinational financial management–the topics that arise in cross-border M&A transactions.

Given the increasing importance of China as the second largest economy in the world and Chinese companies’ growing merger and acquisition (M&A) activities globally, we devote the last two chapters of the book to China’s outward foreign direct investment and cross-border M&A activities. Moreover, the second volume includes the case studies regarding Chinese foreign direct investment both in Greenfield and acquisition forms give additional insights into challenging tasks of due diligence and post-merger cultural integration that foreign investors face.

The M&A literature is a fragmented field of inquiry. This book brings together important, practical insights from this vast literature in a short, but cohesive form that has high managerial relevance.

Preface to the First Edition (p. xi)
Preface to the Second Edition (p. xiii)
Acknowledgments (p. xv)
Introduction (p. xvii)
Part I Cross-Border Mergers, Acquisitions, and Corporate Restructuring (p. 1)
Chapter 1 Internationalization of Economies (p. 3)
Chapter 2 Mergers and Acquisitions and Corporate Restructuring (p. 11)
Chapter 3 An Overview of the Merger and Acquisition Process (p. 21)
Chapter 4 Merger and Acquisition Strategy Development (p. 29)
Chapter 5 Selecting a Potential Target Company for Acquisition (p. 37)
Chapter 6 Accounting for Mergers and Acquisitions (p. 49)
Chapter 7 Alternative Approaches to Valuation (p. 55)
Chapter 8 Cost of Capital (p. 67)
Chapter 9 Real Option Analysis in Valuation of a Company (p. 75)
Chapter 10 Valuation of the Target Company Using the Black–Scholes Model (p. 87)
Chapter 11 Target Valuation in Cross-Border Mergers and Acquisitions (p. 111)
Chapter 12 Negotiations, Deal Structuring, Financing, and Regulatory Considerations (p. 127)
Chapter 13 Postmerger Integration and Reorganization (p. 133)
Notes (p. 157)
References (p. 161)
Index (p. 167)