Mergers, Acquisitions, and Corporate Restructurings - Hardcover

Gaughan, Patrick A.

3.9

60 ratings by Goodreads

9780471705642: Mergers, Acquisitions, and Corporate Restructurings

Hardcover

ISBN 10: 0471705640 ISBN 13: 9780471705642

Publisher: John Wiley & Sons, 2007

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Modern restructuring techniques for a global business landscape
Corporate restructurings are an indispensable tool in building a new generation of re–engineered companies with the power and resources to compete on a global playing field. Written from a practical and historical perspective, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition carefully analyzes the strategies and motives that inspire M&As, the laws and rules that govern the field, as well as the offensive and defensive techniques of hostile acquisitions.

In this thoroughly revised Fourth Edition, author and business valuation expert Patrick Gaughan provides a fresh perspective on M&As in today′s global business landscape, and how your company can reap the benefits from the various forms of restructurings available. Packed with the most up–to–date research, graphs, and case studies, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition explores:
∗ Recent takeover trends including the role of private equity firms and hedge funds
∗ Most effective offensive and defensive tactics in hostile bids
∗ A review of the effect of shareholder wealth on a variety of takeover actions
∗ Modern, historical, and global perspectives on the field
∗ The various forms of downsizing including divestitures, spinoffs, and equity carve–outs
∗ Bankruptcy as an effective restructuring technique
∗ Latest developments in corporate governance
∗ Pros and cons of joint ventures and strategic alliances
∗ Primary methods used to value public and private companies

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About the Author:

PATRICK A. GAUGHAN is President of Economatrix Research Associates, a Professor of Economics and Finance at the College of Business at Fairleigh Dickinson University, and the author of several books and articles in the field of mergers and acquisitions.

From the Inside Flap:

From large megadeals to various forms of downsizing, the world of mergers and corporate restructurings has undergone dramatic changes in the past several years. Fueled by capital–rich private equity firms and hedge funds, the field of mergers is booming. Partly with the backing of such investors, leveraged buyouts (LBOs) the craze of the 1980s that became less popular in the 1990s are now back with a vengeance. In general, all types of restructurings regularly grab the headlines in the financial media.

Written to show business managers and financial executives which kind of corporate restructuring can be used successfully within their own corporations, Mergers, Acquisitions, and Corporate Restructurings examines nearly every type of corporate restructuring in use today, from mergers and acquisitions to joint ventures and recapitalizations. This thoroughly updated Fourth Edition provides a fresh overview of the most recent practices and how they are currently being used to revitalize and supercharge companies in America and abroad. Author Patrick Gaughan addresses the growth and development of the field of M&As through both a practical and historical focus, followed by a review of the laws and rules that govern the field. Gaughan also examines the many ways to thwart a hostile takeover as well as the impact of a takeover on shareholder wealth.

M&As are but one form of restructuring. Mergers, Acquisitions, and Corporate Restructurings explores the vast array of ways a company can grow as well as the many ways to downsize, including divestitures, spinoffs, and equity carve–outs, and the benefits of each scenario. The book also explores how companies in more distressed financial conditions can restructure through bankruptcy, and how to benefit from the protective U.S. bankruptcy laws. In this Fourth Edition, Gaughan also analyzes recent financing trends, including the role of leveraged transactions and private equity financing, as well as the increasing role of hedge funds and employee stock ownership plans in takeovers.

New to this edition is an increased emphasis on corporate governance, and its importance in today′s post–Enron environment. Gaughan addresses the role of governance in the development of M&A strategy and the monitoring of prior deals. He also emphasizes the importance of valuation on both public as well as privately held companies, their similarities, their important differences, and the main methods of business valuation.

Written to help organizations compete in today′s global market, Mergers, Acquisitions, and Corporate Restructurings, Fourth Edition provides you with the intricate ins and outs of corporate restructuring, and how to make the most of them in your organization.

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