International Merger and Acquisitions (IMA301)
Vietnamese title: Mua bán và sát nhập quốc tế
Credits: 3
Prerequisites: FIN202

Description:
This course provides an overview of the M&A process – from strategy and valuation to execution and post-merger integration management. Students develop an in-depth understanding of the appropriate skills and tools to successfully analyze all major elements of the acquisition process discussed in the local and global context.
The course will require the application of what the student previously learned in other courses such as finance, accounting, business law, micro and macroeconomics, negotiation, and management.

- Teaching method: Lectures, in-class practice assignments, problem-solving discussions, and team-based activities.

Learning outcomes:
Define the common terminology in M&A, key characteristics of expected M&A transactions and the evolution of M&A
Evaluate the mechanism of M&A takeover tactics and defenses as well as explain the importance of corporate governance in M&A
Apply the typical phases of M&A process from developing strategy and acquisition plan, through preparing for negotiating deals, and postmerger or post-closing integration
Demonstrate understanding of business valuations basics
Analyze corporate exit strategies as a result of mergers, acquisitions, divestitures, spin-offs, bankruptcy, liquidation
Discuss alternative deal structures such as alliances, joint ventures, partnerships, licensing, franchising, etc.
Demonstrate the ability to produce a clear oral report and/or academic written report, which follows research ethic, that applies understanding of key concepts in international merger and acquisitions.
Practice the ability to investigate and cooperate with others effectively in teams to manage M&A deal structuring process

Student tasks:
- Students must attend at least 80% of contact slots in order to be accepted to the final examination.
- Actively participate in class activities
- Student is responsible to do all exercises, assignments given by instructor in class or at home and submit on time.
- Use laptop in class only for learning purpose.
- Read the textbook in advance
- Access the course website (www.flm.fpt.edu.vn) for up-to-date information and material of the course, for online supports from teachers and other students and for practicing and assessment.

Tools:
- Internet
-FLM: flm.fpt.edu.vn/

Materials:
description: Mergers, Acquisitions and Other Restructuring Activities
author: Donald M. Depamphilis
publisher: Elsevier/Academic Press
published_date: 2017 or 2019
edition: 9th or 10th
description: '- PowerPoint Slides
description: '- Instructor's Resource Manual
description: - Test bank (Test gen and Doc. file)

Assessments:
category: Class participation
type: on-going
weight: 10.0
duration: During the course
question_type: All LOs
no_question: OP1: - Individual Attendance- Participation in case study discussion sessions. OP2: Questions or Activities proposed by lecturer
grading_guide: - Individual Attendance: weight 30% of class participation mark
Suggestion: Students must attend more than 80% of contact slots in order to be accepted to the final examination. Any absence will reduce 0.5 point per time.
- Individual Participation in class actitivities/assignments including case study discussion sessions. weight 70% of class participation mark
Suggestion: Bonus 0.1-0.5 point per correct/good opinion in case study discussion. Lecturer should add mark rubric when providing case study.
note: in class, by instructor
category: Final essay test
type: on-going
weight: 15.0
duration: 60'
question_type: LO4, LO5, LO6, LO7, LO8
no_question: OP 1: Multiple choices or written questions.Marked by Computer or a suitable formatOP2: Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:- Multiple choice: 20 to 40 questions;- Problem solving: 1-3 questions.OP2:Follow lecturer's proposal
grading_guide: OP1:- Integration of studied knowledge and skills of chapters assigned
- Cover chapter 7, 11, 12, 13, 15, 16, 17, 18

OP2:Follow lecturer's proposal
note: in class, by instructor
category: Group assignment
type: on-going
weight: 15.0
duration: During the course
question_type: All LOs
no_question: OP 1: Analysis, reports and presentationOP2: Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:Case studyOP2:Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,
Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
Cover all studied chapters
Any plagiarism will be resulted in a failure of assignment
note: - Guided by instructor
- Example of group assignment: Students will divide into “teams” of four-to-six to research, analyse, and do field work if necessary to design a viable corporate acquisition proposal. The purpose of the Acquisition Project is to give students the opportunity to apply the tools they have learned. Students are expected to write up a professional report that describes their methodology with clear adjustment of their choice of models, findings and discussion and implications. Finally, students need to present their work in class to instructors and other groups. Reports are graded to groups and presentation is graded on individual.
category: Individual Assignment
type: on-going
weight: 15.0
duration: During the course
question_type: LO4, LO5, LO6, LO7, LO8
no_question: OP1: Discussion, Analysis, reports OP2: Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:Case studyOP2:Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,
Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
Cover all studied chapters
Any plagiarism will be resulted in a failure of assignment
note: - Guided by instructor
- Examples of assignment design: provide analysis of one's own constructed case studies or practical assignments from end of chapters of the textbook or external online sources that applied understanding of M&A process .
category: Midterm
type: on-going
weight: 15.0
duration: 45'-60'
question_type: LO1, LO2, LO3, LO4, LO5, LO6
no_question: OP 1:Multiple choices or written questions.Marked by Computer or a suitable formatOP2: Questions or Activities proposed by lecturer
knowledge_and_skill: OP1:- Multiple choice: 20 to 40 questions;- Problem solving: 1-3 questions.OP2:Follow lecturer's proposal
grading_guide: OP1:- Integration of studied knowledge and skills of chapters assigned
- Cover chapter 1, 2, 3, 4, 5, 6

OP2:Follow lecturer's proposal
note: in class, by instructor
category: Final exam
type: Final exam
weight: 30.0
duration: 60'
question_type: All LOs
no_question: Multiple choicesMarked by Computer
knowledge_and_skill: 50 multiple questions
grading_guide: All topics, knowledge, skills covered in the classes
note: by exam board,
using computer

Schedule:
session: Course Introduction
learning_outcomes: I
session: Course Introduction
learning_outcomes: I
session: Chap 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities
learning_outcomes: T
session: Chap 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities
learning_outcomes: T
session: Chap 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities
learning_outcomes: T
session: Chap 1: An Introduction to Mergers, Acquisitions, and Other Restructuring Activities
learning_outcomes: T
session: Chapter 3: The Corporate Takeover Market
learning_outcomes: T
session: Chapter 3: The Corporate Takeover Market
learning_outcomes: T
session: Chapter 3: The Corporate Takeover Market
learning_outcomes: T
U
session: Chapter 3: The Corporate Takeover Market
learning_outcomes: T
session: In-class activities/Practice assignments: Chapter 1, 3
learning_outcomes: U
session: In-class activities/Practice assignments: Chapter 1, 3
learning_outcomes: U
session: Review Session
learning_outcomes: T
U
session: Review Session
learning_outcomes: T
U
session: Chapter 4: Developing Business and Acquisition Plans
learning_outcomes: T
U
session: Chapter 4: Developing Business and Acquisition Plans
learning_outcomes: T
U
session: Chapter 5: Search through Closing
learning_outcomes: T
U
session: Chapter 5: Search through Closing
learning_outcomes: T
U
session: In-class activities/Practice assignments: Chapter 4-5
learning_outcomes: U
session: In-class activities/Practice assignments: Chapter 4-5
learning_outcomes: U
session: Chapter 6: M&A Postclosing Integration
learning_outcomes: T
U
session: Chapter 6: M&A Postclosing Integration
learning_outcomes: T
U
session: In-class activities/Practice assignments: Chapter 6
learning_outcomes: U
session: In-class activities/Practice assignments: Chapter 6
learning_outcomes: U
session: Midterm Test
learning_outcomes: U
session: Midterm Test
learning_outcomes: U
session: Chapter 7: Merger and Acquisitions Cash flow Valuation basics
learning_outcomes: T
session: Chapter 7: Merger and Acquisitions Cash flow Valuation basics
learning_outcomes: T
session: Chapter 7: Merger and Acquisitions Cash flow Valuation basics
learning_outcomes: T
U
session: Chapter 7: Merger and Acquisitions Cash flow Valuation basics
learning_outcomes: T
U
session: Tutorial: chapter 7
learning_outcomes: U
session: Tutorial: chapter 7
learning_outcomes: U
session: Chapter 12: Tax and Accounting considerations
learning_outcomes: T
session: Chapter 12: Tax and Accounting considerations
learning_outcomes: T
session: Chapter 12: Tax and Accounting considerations
learning_outcomes: T
U
session: Chapter 12: Tax and Accounting considerations
learning_outcomes: T
U
session: Chapter 13: Financing the Deal
learning_outcomes: T
session: Chapter 13: Financing the Deal
learning_outcomes: T
session: Chapter 13: Financing the Deal
learning_outcomes: T
U
session: Chapter 13: Financing the Deal
learning_outcomes: T
U
session: Review Session
learning_outcomes: T
U
session: Review Session
learning_outcomes: T
U
session: Chapter 15: Business Alliances: Joint ventures, Partnerships, Strategic Alliance, and Licensing
learning_outcomes: T
session: Chapter 15: Business Alliances: Joint ventures, Partnerships, Strategic Alliance, and Licensing
learning_outcomes: T
session: Chapter 16: Alternative exit and restructuring: divestitures, spin-offs, carve-outs, split-ups
learning_outcomes: T
session: Chapter 16: Alternative exit and restructuring: divestitures, spin-offs, carve-outs, split-ups
learning_outcomes: T
session: Chapter 17: Alternative exit and restructuring: bankruptcy and liquidation
learning_outcomes: T
session: Chapter 17: Alternative exit and restructuring: bankruptcy and liquidation
learning_outcomes: T
session: Chapter 18: Cross-border M&A
learning_outcomes: T
U
session: Chapter 18: Cross-border M&A
learning_outcomes: T
U
session: In-class activities/Practice assignments: Chapter 18
learning_outcomes: U
session: In-class activities/Practice assignments: Chapter 18
learning_outcomes: U
session: Final Essay test
learning_outcomes: U
session: Final Essay test
learning_outcomes: U
session: Course Review Session
learning_outcomes: T
U
session: Course Review Session
learning_outcomes: T
U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U
session: Group presentation
learning_outcomes: U