Finance III (Mergers and Acquisitions)

GLOBIS MBA TOP Curriculum Course search results Finance III (Mergers and Acquisitions)

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 Real Option, Project 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).

This course is designed for those who are visionary business leaders aiming to acquire basic knowledge required for decision making on issues in the financial sector and with the business growth strategy.

Course Details

Programs: Full-time MBA, Part-time & Online 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

Recommended Preliminary Courses

- Critical Thinking
- Finance I
- Finance II

Theme/Reading Materials

Day 1

Session A

THEME	Real Option
CASE	・Aqua Bounty

Session B

THEME	Real Option (Continued)
CASE	・Aqua Bounty

Day 2

Session A

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

Session B

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

Day 3

Session A

THEME	Acquisitions and Corporate Valuation
CASE	"Kraft Foods Inc. and Cadbury PLC - Part A - A Nutritious Association？ Kraft Foods Inc. and Cadbury PLC - Part B - A Sweet Divorce？ "

Session B

THEME	Acquisitions and Corporate Valuation (Continued)
CASE	"Kraft Foods Inc. and Cadbury PLC - Part A - A Nutritious Association？ Kraft Foods Inc. and Cadbury PLC - Part B - A Sweet Divorce？"

Day 4

Session A

THEME	Mergers and Acquisitions
CASE	Canadian Pacific’s Bid for Norfolk Southern

Session B

THEME	Mergers and Acquisitions(Continued)
CASE	Canadian Pacific’s Bid for Norfolk Southern

Day 5

Session A

THEME	Internal Spin-offs
CASE	・AMTELECOM GROUP INC.

Session B

THEME	Internal Spin-offs(Continued)
CASE	・AMTELECOM GROUP INC.

Day 6

Session A

THEME	Mergers and Acquisitions
CASE	・Crown Cork & Seal/CarnaudMetalbox

Session B

THEME	Mergers and Acquisitions(Continued)
CASE	・Crown Cork & Seal/CarnaudMetalbox

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

Principles of Corporate Finance. 12th ed. Global ed.

Richard Brealey and Stewart Myers and Franklin Allen, 2017.
McGraw-Hill Education.
(https://www.mheducation.com/highered/product/principles-corporate-finance-brealey-myers/M1259144380.toc.html)

Reference

Analysis for Financial Management.12th ed.

Robert Higgins, 2019.
McGraw-Hill Education.
(https://www.mheducation.com/highered/product/analysis-financial-management-higgins/M1259918963.html)

Valuation: measuring and managing the values of companies. 6th ed.

McKinsey & Company Inc. , Tim Koller, Marc Goedhart, David Wessels, 2015.
Wiley.
(https://www.wiley.com/en-us/Valuation%3A+Measuring+and+Managing+the+Value+of+Companies%2C+6th+Edition-p-9781118873700)