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?