Mergers, Acquisitions and Restructuring

The market for corporate ownership is one of the hallmarks of capitalism. Within that market, vast amounts of corporate wealth have been created – and destroyed. The objective of this course is to understand the market, the institutions that were created in order to execute these complicated transactions, and the strategies that are employed by the major players.

One role of the market is to allocate assets to the owners who can extract the maximum value out of them; bankruptcy is an alternative mechanism. Hence, the two mechanisms are often studied together under the heading of restructuring.

The first four sessions are taught by Oren Sussman and focus on finance. Subsequently, Duncan Angwin will teach four additional sessions that focus on strategy and organisational behaviour.

This is an elective course for MLF students taking the finance stream.