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Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 1
April 7, 2023
In real life, strategy is actually very straightforward. You pick a general direction and implement like hell ~ J.Welch, former Chairman, General Electric
The big danger in mega-mergers is that they are seen as a mating of dinosaurs. ~ Sir Peter Bonfield, former CEO British Telecom
The very best takeovers are thoroughly hostile. I've never seen a really good company taken over. Only bad ones. ~ Sir James Goldsmith, British entrepreneur, financier, politician
Leadership that's reliant on mergers and acquisitions is dangerous leadership.~ John Varley, former CEO Barclays Bank
Mergers and AcquisitionsIntroduction
SIIB
PuneAug-Sep 2012
The Matrix Merges with itself…
… Have you been acquired by The Matrix ?
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Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 2
April 7, 2023
Methodology of Course• Structured lectures by Instructor.
• Class Participation: Discussion of concepts, example case-studies and problem-solving in class.
• Online and offline quizzes
• Group Project presentation
and report submission
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 3
April 7, 2023
Curriculum and Schedule
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Date From To Hours S#s Topic
29-Aug-12 16 19 3 1-3Introduction to course. Corporate Restructuring
30-Aug-12 13 17 4 4-7 M&A activity: types, motivations and tactics.
5-Sep-12 09 13 4 8-11Quiz 1: 30 minutes (Qualitative and MCQ).Funding of Acquisition, Leveraged Buyouts and Going Private
6-Sep-12 09 13 4 12-15 Valuation of Targets, Exchange Ratio fixation
12-Sep-12 09 13 4 16-19Case discussions : Acquisition of Corus by Tata Steel.
13-Sep-12 09 13 4 20-23
Quiz2: 2 hours (Excel-based exercises included).Special Topics: Due Diligence, Parastatal disinvestments, ESOPs, Taxation
20-Sep-12 09 13 4 24-27Case discussions : Merger of ICICI with ICICI Bank
26-Sep-12 09 13 4 28-31Quiz3: 4 hours: Group Role Play (5 waves) with individual reports
27-Sep-12 09 13 4 32-35Group Presentation of Case Analysis : Case from field or literature
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 4
April 7, 2023
EvaluationComponent Marks Date
Quiz1 (30 minutes) 5 05Sep2012
Online test 1 5 06Sep2012
Quiz2 (2 hours, Excel based analyses) 15 13Sep2012
Online test 2 5 20Sep2012
Quiz3 (Group Role Play 5 waves) 15 26Sep2012
Group Field Case Presentation 15 27Sep2012
Written test ( extra component) 15 28Sep2012
Total Internal 60
External Exam (90 minutes) 40 TBD
Total : 2 credits 100
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 5
April 7, 2023
Reference Books• “Mergers, Acquisitions and
Corporate Restructuring” : Prasad G. Godbole, Vikas Publishing House P. Ltd.
• Mergers, Acquisitions and Corporate Restructuring ~ Patrick A. Gaughan, Wiley India (John Wiley & Sons, Inc), ISBN: 978-81-265-1884-5
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 6
April 7, 2023
Group work• CR and Formation of Groups• Selection by each group of its Id company
– Startup, SME, TechCo, PSU, MNC,
• Communicating this info to Faculty• Detailed study of own Id company at strategic level
– acquiring past data and plans – mainly financial statements, marketing info, product brief,
competition, suppliers, customers…– TiE, Fin websites, Exchanges, Co. website, interviews with co.
officials, …
• Creating summary report describing strategic position of company
• Submission of all of above to faculty on 20Sep2012• Presentation of above on 27Sep2012
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 7
April 7, 2023
Author: Dilip ThosarSIIB
Aug-Sep 2012
M&A : Mergers and AcquisitionsIntroduction
Slide no. 8
April 7, 2023
Questions?