Modern restructuring techniques for a global business landscape. Corporate restructurings are an indispensable tool in building a new generation of re-engineered companies with the power and resources to compete on a global playing field. Written from a practical and historical perspective, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition carefully analyzes the strategies and motives that inspire M&As, the laws and rules that govern the field, as well as the offensive and defensive techniques of hostile acquisitions.
In this thoroughly revised Fourth Edition, author and business valuation expert Patrick Gaughan provides a fresh perspective on M&As in today's global business landscape, and how your company can reap the benefits from the various forms of restructurings available. Packed with the most up-to-date research, graphs, and case studies, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition explores:
- Recent takeover trends including the role of private equity firms and hedge funds
- Most effective offensive and defensive tactics in hostile bids
- A review of the effect of shareholder wealth on a variety of takeover actions
- Modern, historical, and global perspectives on the field
- The various forms of downsizing including divestitures, spinoffs, and equity carve-outs
- Bankruptcy as an effective restructuring technique
- Latest developments in corporate governance
- Pros and cons of joint ventures and strategic alliances
- Primary methods used to value public and private companies
Part 1 Background
1 Introduction
2 History of Mergers
3 Legal Framework
4 Merger Strategy
Part 2 Hostile Takeovers
5 Antitakeover Measures
6 Takeover Tactics
Part 3 Going Private Transactions and leveraged Buyouts
7 Leveraged Buyouts
8 Trends in the Financing of Takeovers and Going Private Transctions
9 Employee Stock Ownership Plans
Part 4 Corporate Restructuring
10 Corporate Restructuring
11 Restructuring in Bankruptcy
12 Corporate Governance
13 Joint Ventures and Strategic Alliances
14 Valuation
15 Tax Issues
Glossary
Index