Curriculum

Finance III (Capital Markets and Applied Finance)


Course Objectives

Needless to say, mergers and acquisitions play an imperative role as an option for accelerating the business growth strategy of one’s company. In Japan, we are seeing an increase in the number of "triangular mergers," and cases of foreign-affiliates acquiring and merging with Japanese companies are likely to continue in future. On the other hand, the number of companies who struggle with finding a counter-action policy when they are approached for merging and acquisition and who are not capable of keeping their heads cool (while accessing the details of the proposal and its impact on the business as well as presenting their findings to the stock holders) is rather high.

In this course, you will get an in-depth understanding on each individual scheme for structured finance, mergers and acquisitions and internal spin-offs by going through the material that covers leading financial practices. We aim to give you a comprehensive approach with regard to how to deal with acquisition proposals as well as how to raise your company value through acquisitions of other businesses and internal spin-offs.

Finance III encompasses specific features and similarities between valuation you have learned in Finance I (Corporate Finance and Valuation) and fund-raising you have learned in Finance II (Finance Strategy and Fund-raising). The course administrator will assume that this knowledge is acquired, thus make sure that you are ready to apply what you have already learned (in Finance I and II).

Course Details

Programs: Full-time MBA, Part-time MBA
Discipline: Accounting and Finance
Course Level: Applied Course
Required/Elective Course: Elective Course
Number of Credits: 1.5
Report: Day 4
Hours Per Class: 3 hours
Class Capacity: 35 (Part-time MBA)

Recommended Preliminary Courses

- Critical Thinking
- Finance I
- Finance II


Click here to see a list of Preliminary Recommended Courses

Theme/Case

Day 1
THEME Securitization
CASE FORMULA ONE: INTANGIBLE ASSET-BACKED SECURITIZATION

Day 2
THEME Project Finance
CASE BP Amoco(B): Financing Development of the Caspian Oil Fields


Day 3
THEME Leveraged Buyout
CASE Congoleum Corporation (Abridged)

Day 4
THEME Mergers and Acquisitions
CASE Philip Morris Companies and Kraft, Inc.


Day 5
THEME Internal Spin-offs
CASE AMTELECOM GROUP INC.

Day 6
THEME Mergers and Acquisitions
CASE Crown Cork & Seal/CarnaudMetalbox


Textbook (Please purchase the following textbook before the course starts.)

Principles of Corporate Finance

Principles of Corporate Finance

R.A.Brealey, S.C.Myers, F.Allen (McGraw-Hill International Edition)



Faculty


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