Mergers, Acquisitions, and Corporate Restructurings
The business of mergers and acquisitions (M&A) is one that is ever present in the corporate world. Despite the global recession, the subprime crisis, and the credit slump, it's evident that, as the economy expands, M&A expand right along with it, becoming an increasingly important part of the corporate finance and corporate strategy fields.Written to show you the kind of corporate restructuring that can be used successfully within your own corporation, thisFifth EditionofMergers, Acquisitions, and Corporate Restructuringsexamines the full range of corporate¿restructurings in use today, from mergers and acquisitions to joint ventures and strategic alliances to divestitures and other kinds of sell-offs. Thoroughly updated, the new edition devotes an entire chapter to the valuation of businesses, including the valuation of both public and privately held firms.Author Patrick Gaughan addresses the growth and development of the field of M&A through both a practical and historical focus, followed by a review of the laws and rules that govern the field. Gaughan also examines:M&A and restructuring through a truly global treatment of the subjectUpdated data on M&A trends across the globeExpansive discussion of takeover laws in all major countriesNew case studies examining domestic and international mergersThe many ways to pursue and thwart a hostile takeoverWays a company can grow as well as the many ways to downsize, including divestitures, spin-offs, and equity carve-outsThe opportunities available for restructuring in bankruptcy and how this varies in different countriesCorporate governance and its role in restructuringThe latest research studies to advance M&A practiceTheFifth Editionalso analyzes recent financing trends, including the impact of the subprime crisis and the global recessions and recovery, as well as the prominent role of private equity firms and hedge funds in the M&A business.Written to help organizations compete in today's global market,Mergers, Acquisitions, and Corporate Restructurings, Fifth Editionprovides you with the intricate ins and outs of corporate restructuring, and how to make the most of them in your organization.