The Handy Paperback Edition of McGraw-Hill's One-Volume, MBA-Level M&A Course

More than ever before, decision-makers in profitable, high-growth businesses and industries must keep on top of the latest M&A strategies and techniques. "Mergers & Acquisitions "will show you how to fully exploit today's myriad M&A opportunities, as you learn how to defend your firm against unwelcome takeover attempts.

Hundreds of vital M&A issues are covered in depth, including: Valuation and accounting methods Assessing strategic fit Legal and regulatory frameworks Merging corporate cultures Restructuring and financial engineering Postmerger integration

Affordable and transportable, this paperback edition of "Mergers & Acquisitions--"the popular McGraw-Hill guide based on UCLA's Executive Education M&A program--provides you with every word, chart, case study, and statistic found in the hardcover.

Look to the McGRAW-HILL EXECUTIVE MBA SERIES for straight-talking, technique-filled books, written by front-line executive education professors and modeled after the programs of top business schools. Other paperback titles in the series include: Sales Management Finance & Accounting for Nonfinancial Managers Corporate Strategy

Although every merger or acquisition has its' own set of unique circumstances, the business and interpersonal dynamics in significant change remain surprisingly predictable. An organization's ability to apply this approach to its unique circumstances will vary, but the authors' experience has been that using the approach discussed in this book made the average organization good, the good organization better, and the better organizations the best in the business. Market analysis has shown that only 17% of mergers and acquisitions achieve the results they projected. This book provides executives and project managers guidance on the key imperatives required to be a part of that winning 17%. The processes, tools, and tips presented in this book are the result of years of working closely with senior executives during merger and acquisition integrations.

Two veteran merger and acquisition mavens take readers behind the scenes to examine successful and poorly managed corporate mergers to show what's required to achieve the best strategic, organizational, and cultural fit between any two companies. They outline steps to take before, during, and after

This is a reprint of a 1980 book that deals with foreign companies acquiring American businesses in the 1970s and how they evaluated and negotiated those acquisitions.

Journalist Wojahn takes a critical look at the 1968 merger of food giant General Mills and game industry leader Parker Brothers. Drawing upon over 100 hours of interviews with persons involved in the merger, she traces the events that led up to the divestment and restructuring of Parker Brothers in

This is a reprint of a previously published work. It deals with the effects on the persons--employees and managers at all organizational levels --who are caught up in mergers.

Today's Most Popular, Powerful Tools for Creating Shareholder Value--How and Why They Work, and Which Will Work Best for You

The business world is just now beginning to regroup from its greatest merger wave in history. But after more than half of all acquisitions failed to enhance shareholder value, the "bigger is better" mantra has given way to new, leaner value-creation strategies--and to the increased use of subsidiary equity redeployments (SERs) to redeploy and gain access to value hidden in subsidiary operations.

"Restructuring for Growth "is the first comprehensive guide to creating value by redeploying the equity value of subsidiary operations and assets. It provides new insights on how virtually any organization can successfully leverage this equity in order to: Create value for impatient shareholders Increase focus Use partnerships and alliances Restructure balance sheets Obtain cash from--and ensure the success of--non-core operations

In the broad middle ground between complete ownership and total divestiture, SERs provide unmatched opportunities for both increasing corporate effectiveness and building shareholder value. Let "Restructuring for Growth" help you determine if, when, and why an SER may be effective for your organization, and provide you with innovative opportunities to build shareholder value and thrive in today's challenging business arena.

"Building the value of a subsidiary--and the parent--is a pressing concern for much of corporate America. "Restructuring for Growth "addresses the creation of shareholder value by companies through the redeployment of the equity of a wholly or partially owned subsidiary operation..."--From the Preface

Today'scorporate world has been turned upside down. Many of the strategies employed in the past to create value for shareholders have had the opposite effect and are being unwound. As a result, impatient investors are demanding that companies employ new approaches to maximize all of their assets--and create value for investors.

"Restructuring for Growth "is the first book to take a detailed look at subsidiary equity redeployments (SERs), which have proven remarkably successful at creating new value for both parent companies and their shareholders. This one-of-a-kind resource offers practical advice on creating value in today's turbulent private and public stock and merger markets. It details the goals, objectives, advantages, and challenges and lays out critical tax, legal, and accounting considerations of today's most widely-used and effective subsidiary equity redeployment (SER) strategies, including: Spin-offs Carve-outs Partnerships with investors Corporate alliances Mergers

Incorporating need-to-know insights, this important work also contains numerous examples and cases for each strategy. It provides a behind-the-scenes look at how the strategies were structured and deployed, and a rare insider's access to the SER successes and failures of leading companies ranging from General Motors to Palm. Many of these cases are available from no other resource, and feature commentary from company executives on the firing line about the strategies they selected.

In "Restructuring for Growth," Wall Street veteran John Michaelson provides unique and rarely shared insights into the inner workings of corporate finance and details the challenges of working with Wall Street. He gives you theinformation and confidence you need to select, deploy, and manage smart SER strategies--to meet the value creation demands of impatient investors, corporate management, and boards of directors.

• Questions on the Text
• Sample Agreements and Forms
• Real-World Merger and Acquisition Documents
• Supplementary References

The International M&A, Joint Ventures, and Beyond Workbook offers practical discussion points that will help further your understanding of cross-border deal making. This indispensable, hands-on companion to International M&A, Joint Ventures, and Beyond: Doing the Deal, Second Edition strengthens your grasp of the most critical aspects of international M&A, with such tools as:

• Study questions and answers
• Sample agreements and forms
• Real-world M&A documents
• Case studies
• Supplementary references

Despite the economic downturn, the corporate marriage frenzy continues to proceed at fever pitch, as companies reach beyond their traditional boundaries to gain access to resources, expertise, and markets. But after the ink is dry, most experiments in corporate acquisition fail to live up to expectations. In The Morning After, Stephen and Shannon Rye Wall showcase dozens of cases to identify the seven common myths and misconceptions of mergers and offer a wealth of concrete tools for leading and sustaining successful collaborations.

Global M & A activity continues at a blistering pace. However, a recent study of Fortune 500 executives found that postmerger integration issues­­such as culture clashes, style, ego, and change management­­are the most common pitfalls that can derail otherwise successful mergers or acquisitions. M & A Integration meets that trend head-on, providing a practical framework for integrating acquisitions while helping managers direct each step in the volatile postmerger integration process.

For buyers of a business or anyone involved in any phase of the due diligence process, Gordon Bing provides a unique, comprehensive, one-volume source of information and guidance. His book will help investors research, evaluate, and understand an existing or proposed business not only from a financial standpoint, but also from equally important nonfinancial standpoints. It provides a full explanation of the due diligence process, including systematic methods to determine the information you need, why you need it, and how to get it. Keyed to each topic, chapter by chapter, is a full list of specific questions that should be asked during due diligence proceedings to be studied beforehand and carried with you as a valuable on-the-spot reference. A unique, practical resource for professionals and a hands-on text for students in business schools and upper division undergraduate courses in mergers and acquisitions. Chapters 1 and 2 discuss how to plan, organize, and conduct due diligence. In Chapter 3, Bing shows how to construct a list of the information and documents you will need. Chapter 4, by M&A attorneys James W. Ryan and Robert C. Beasley, deals with the legal aspects, responsibilities, and perils of performing or failing to perform due diligence. From there the book focuses on specific areas of due diligence inquiry--including management, marketing, human resource and other important functions--and helps you develop your own tailor-made investigation best suited to the company you are studying. The book concludes with a unique checklist of all the questions explained earlier--a manual you can study beforehand and then carry with you into meetings "on site."

This book covers the consolidation and merger of corporations and corporate divestiture in the United States.

This book is a reprint of a 1985 work that deals with the ravages of modern hostile takeovers.

The missing link to determining a company's real value

Most people at the M&A table know how to carry out financial and legal due diligence. Only the accomplished investors come prepared with an in-depth understanding of the complete due diligence process. "Operations Due Diligence" is a game-changing guide for investors who need a fully accurate determination on the sustainability of a business.

Written by a hands-on operations executive who has successfully implemented process improvement programs at large and small businesses, this practical guidebook sets itself apart by providing a step-by-step strategy for analyzing the toughest area of a business to assess: its operations.

Unlike financial and legal due diligence, there were no principles such as law and accounting to guide operations due diligence--until now. This turnkey approach, based on a pragmatic series of almost 400 questions, helps you accurately assess the infrastructures of a business's customer satisfaction, production, information management, sales and marketing, organization, and personnel, as well as its finances and legal operations. For managers and business owners looking to improve the sustainability of their business, this guided inquiry serves as a thorough operations checklist to next-level performance.

Whether you are an investor trying to capture a new opportunity with minimal risk or an executive struggling to improve your business, "Operations Due Diligence" gives you a distinct advantage by: Going a step further than most books and illustrating how to analyze your discoveries Using historic examples to make the lessons both understandable and memorable Clearly explaining how and why each sector is an important indicator of the long-term sustainability of a business Conveniently locating infrastructure summary questions at the end of chapters for quick reference Providing a document checklist so nothing gets overlooked at the negotiating table

The highest-valued companies and their investors know that producing the best products and services isn't enough. Survival depends on continually improving infrastructure through Operations Due Diligence.

When the world's two largest steel producers went head to head in a bitter struggle for market domination, an epic corporate battle ensued that sent shockwaves through the political corridors of Europe, overheated the world's financial markets and transformed the steel industry. Billions of dollars were at stake. At the heart of the battle were two men: Guy Dolle, Chairman and CEO of Luxembourg-based Arcelor, the world's largest steel producer by turnover and Lakshmi Mittal, a self-made Indian industrialist and the richest man in Great Britain. Only one could prevail . . .

Your roadmap to success in the world of postmerger integration

Nearly half of today's executives attribute M&A failure to poor integration between merging businesses. This thoroughly revised edition of "The Art of M&A Integration" provides you with updated facts on integration of compensation plans, new FASB and GAAP accounting rules, strategies for merging IT systems and processes, and more.

Business mergers are nowadays much in fashion and in the news, but relatively litte is known about their effects on different aspects of business enterprise, especially their effects on market competition. Narver her distinguishes among three main types of corporate merger: the horizontal, involving firms that produce generally similar items; the vertical, involving a successive (e.g. supplier-customer) relationship between firms and the conglomerate, involving any merger that is neither horizontal nor vertical. Economist have yet to agree on a general definition of the essential aspects of conglomerate mergers or on an adequate description of their effects on competition. the present book derives a precise meaning of conglomerate mergers by analyzing the legislative concern in the 1950 Amendment to Section 7 of the Clayton Act. The book then carefully considers the several factors in conglomerate merges that lead to their ability to affect competition. Most importantly, this analysis suggests under what conditions conglomerate mergers increase competition in a market and under what conditions they lessen it. With notable vigor and patience the author has pieced together various aspects of statistics on conglomerate merge activity, managerial behavior in a diversified firm, and market structure, and has produced the most useful analysis available on the competitive effects of conglomerate mergers. Not everyone will agre with its findings, but here can be no question that legislators, antitrust lawyers, economists, and business people will find them useful. Narver's book is timely because of wide concern with the current wave of mergers, appropriate public policy, and efficient private decision-making. Serval important conglomerate merger cases are now before the courts, and the public policy issues involved are still in the process of clarification. The analysis presented in this book should be important in the discussions of the next several years. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1967.