Apr 25, 2024  
2021-2022 Graziadio Academic Catalog 
    
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2021-2022 Graziadio Academic Catalog [ARCHIVED CATALOG]

FINC 668 Valuation and Corporate Combinations (4)

This course examines methods for measuring and managing the value of companies. Valuation methodologies studied include discounted cash flows, discounted abnormal earnings, comparables, liquidation, replacement cost, and book value. These methodologies are applied to investment decisions related to control transactions. Among the transactions studied are mergers, acquisitions, hostile takeovers, going private transactions (MBOs and LBOs), asset restructuring, and voluntary and involuntary liquidation. Methods for creating takeover defenses also are developed. The influences of the legal and regulatory environment as well as competition in input and product markets are considered in developing a framework for understanding merger waves and industry consolidation. Prerequisite(s): Full-Time– ACCT 652 Accounting Information and Control Systems (4)  and FINC 614 Corporate Finance (4)  or FINC 629 Managerial Finance (3) . Fully Employed–FINC 655 Financial Management of the Firm (4) .

Grading Basis: Graded