Financial Management

  1. Mergers and Acquisitions
    1. M&A Fundamentals
      1. Types of Business Combinations
        1. Mergers
          1. Acquisitions
            1. Consolidations
            2. Classification by Relationship
              1. Horizontal Mergers
                1. Vertical Mergers
                  1. Conglomerate Mergers
                  2. Classification by Attitude
                    1. Friendly Takeovers
                      1. Hostile Takeovers
                    2. Rationale for M&A
                      1. Synergy
                        1. Operating Synergy
                          1. Financial Synergy
                          2. Strategic Motives
                            1. Market Power
                              1. Diversification
                                1. Growth
                                  1. Technology Acquisition
                                  2. Financial Motives
                                    1. Tax Benefits
                                      1. Unused Debt Capacity
                                        1. Surplus Cash
                                        2. Managerial Motives
                                          1. Empire Building
                                            1. Diversification of Risk
                                          2. Valuation in M&A
                                            1. Valuation Methods
                                              1. Discounted Cash Flow Analysis
                                                1. Comparable Company Analysis
                                                  1. Precedent Transaction Analysis
                                                    1. Asset-Based Valuation
                                                    2. Synergy Valuation
                                                      1. Revenue Synergies
                                                        1. Cost Synergies
                                                          1. Tax Synergies
                                                          2. Control Premium
                                                            1. Fairness Opinions
                                                            2. M&A Process
                                                              1. Strategic Planning
                                                                1. Target Identification
                                                                  1. Due Diligence
                                                                    1. Valuation and Pricing
                                                                      1. Negotiation
                                                                        1. Regulatory Approval
                                                                          1. Integration Planning
                                                                          2. Financing M&A Transactions
                                                                            1. Cash Transactions
                                                                              1. Stock Transactions
                                                                                1. Mixed Consideration
                                                                                  1. Leveraged Buyouts
                                                                                    1. LBO Structure
                                                                                      1. LBO Financing
                                                                                        1. Management Buyouts
                                                                                      2. Defensive Strategies
                                                                                        1. Preventive Measures
                                                                                          1. Poison Pills
                                                                                            1. Staggered Boards
                                                                                              1. Supermajority Provisions
                                                                                              2. Active Defenses
                                                                                                1. White Knight
                                                                                                  1. Pac-Man Defense
                                                                                                    1. Crown Jewel Defense
                                                                                                      1. Greenmail
                                                                                                    2. Post-Merger Integration
                                                                                                      1. Integration Challenges
                                                                                                        1. Cultural Integration
                                                                                                          1. Systems Integration
                                                                                                            1. Performance Measurement

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                                                                                                          15. Risk Management and Derivatives