The Art of M&A
A Mergers Acquisition Bayout
Guide
The classic book on M&A
covering all aspects of mergers, acquisitions, and buyouts
The Art of M&A continues
to be the one-stop, no-nonsense reference for executives facing the day-to-day challenges
of combining two or more companies into one. Completely revised and updated, The Art of
M&A's handy Q&A format asks and answers more than 1,000 critical M&A
questions, including:
Planning and Finding
How does a search-and-screen
hunt for a likely acquisition target begin? What types of fees or guarantees can a
"finder" expect for brokering a prospective deal? What are the best Internet
sites for dealmaking information?
Valuation and Pricing
How can activity-based
costing uncover hidden values in a company? What happens when a company's selling price is
based on its current stock price and the stock plummets? What are the "traps of undue
optimism" that every buyer must guard against?
Financing and Refinancing
How can a buyer finance an
acquisition using the acquired company's assets and revenues? When is a partial divestment
or spin-off in a buyer's best interest? What are sale-leasebacks, and what are the pros
and cons of using them?
Structiuring, Tax, and
Accounting Considerations
How can a buyer avoid
assuming the liabilities of the seller? What important tax issues typically arise in an
acquisition or divestiture, and how can a seller reduce tax costs?
Due Diligence
How can a buyer conduct
proper due diligence without harming its relationship with the seller? What should an
acquirer include in a thorough due diligence checklist? What information should be
considered material in a litigation review?
Postmerger Integration
What critical ingredients
should be in a postmerger plan? How are intangibles valued, and how can they be integrated
into the new company? What are the restrictions on communications between merging
companies?
Plus... New sections that can
ensure a smooth postmerger integration and reveal the keys to success in spin-offs and
strategic alliances. You'll also find sample documents a typical merger agreement,
letter of intent, and due diligence and postmerger integration checklists. Let The Art of
M&A, Third Edition, serve as your advisor and walk you step by step through a smooth
and successful M&A procedure.
1010 pages