Program Brief

Mergers and acquisitions are one of the most prominent ways organizations resort to expanding their markets, activities and products in order to increase their revenues and profits. Recent years have witnessed a significant growth in mergers and acquisitions all over the world, as the values and volumes of mergers and acquisitions have risen to unprecedented levels. This program is designed to enable those interested in expansion strategies and corporate finance, to understand the structure of mergers and acquisitions, financing models and evaluation, and to study the effects of mergers and acquisitions on related parties.

Program Goals

At the end of the training program, the participant should be able to:

  • Understand mergers and acquisitions drivers to evaluate available alternatives.
  • Identifying the types of mergers and acquisitions operations to determine the most appropriate operations according to the nature of each case.
  • operations according to the nature of each case. Understand M&A structure and financing methods to develop a financing model to assess M&A opportunities.
  • Evaluation of mergers and acquisitions to assess their impact on shareholders and related parties.
Program Agenda
Module 1: Mergers and Acquisitions (M
  • 1 The acquisition process

    • 2 The legal and regulatory framework

      • Legal Due diligence preliminary information request

        • Accounting for M

          • Deal structuring (methods of payment, taxes, contingent payouts)

          Module 2: Types of Mergers and Acquisitions
          • 1 Strategic processes

            • 2 Theories of mergers and tender offers

              • Measurement of abnormal returns

                • industry case study

                • 3 The timing of merger activity

                  • 4 Empirical tests of M

                    • 5 Appendix A: Analysis of a recent M

                      Module 3: Structuring Mergers
                      • 1 horizontal merger

                        • 2 vertical fusion

                          • 3 Homogeneous mergers

                            • 4 Market Extension Consolidation

                              • 5 Product extension integration

                                • 6 agglomeration

                                  Module 4: Mergers and Acquisitions Financing
                                  • 1 Financing mergers through

                                    • Buying mergers

                                      • Unity merger

                                      • 2 Financing acquisitions through

                                        • Buying another company with cash or shares, or taking on debts, or a combination of some or all of the three

                                          • One company acquires all the assets of another company

                                            • Reverse merger

                                            Module 5: Mergers and acquisitions evaluation
                                            • 1 Price to Earnings Ratio (P/E Ratio)

                                              • 2 Company to Sales Ratio (EV/Sales)

                                                • 3 Discounted Cash Flow (DCF)

                                                  • 4 Replacement cost

                                                    Module 6: Valuation- the strategic perspective
                                                    • 1 Alternative approaches to valuation

                                                      • Derivation of revenue growth valuation formulas

                                                      • 2 Increasing the value of the organization

                                                        • Calculating growth rates

                                                        Module 7: M
                                                        • 1 Alliances and joint ventures

                                                          • 2 ESOPs and MLPs

                                                            • 3 Going private and leveraged buyouts

                                                              • Relation between WACC and CCF models

                                                                • Relation between CCF and APV models

                                                                Module 8: Strategies for creating value
                                                                • 1 Share repurchases

                                                                  • 2 Takeover defenses

                                                                    • 3 Corporate governance and performance

                                                                      • 4 Merger arbitrage

                                                                        • 5 Implementation and management guides for M

                                                                          Module 9: Restructuring
                                                                          • 1 Restructuring and divestitures

                                                                            • restructuring model

                                                                              • Empirical tests of corporate restructuring and divestitures

                                                                                • Analysis of a sample of recent divestitures

                                                                                Program Requirements

                                                                                Not Available

                                                                                Program Path

                                                                                Names of the training programs that are integrated (enriched) with the training program:

                                                                                Names of the training programs that after the training program:

                                                                                Program Method
                                                                                • Lecture
                                                                                • Case Studies
                                                                                • Dialogue Teams
                                                                                • Exercises and assignments
                                                                                Evaluation Method
                                                                                • Pre Exam
                                                                                • Post Exam
                                                                                Training Type
                                                                                • In Class Training
                                                                                • Online Training

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