Summary
Contents
Subject index
A rigorous and relevant book on mergers, acquisitions and corporate restructuring for students and practitioners of finance.
The key features of this work are:
It covers the entire spectrum of activities in a typical merger transaction - starting from searching for candidates to closing the deal; Topics discussed include rationale for diversification via acquisition, searching for acquisitions, valuation of publicly and privately held companies, design of consideration in acquisitions, crossborder acquisitions and empirical data on mergers; The book covers various forms of corporate restructuring like spin offs, carve outs, targeted stocks, reorganization of debt contracts, lay offs and downsizing; It contains numerous real life examples and summarizes much of the research done in the last 20 years.
Real Options Analysis in Mergers and Acquisitions
Real Options Analysis in Mergers and Acquisitions
Chapter Objectives
- Introduces real options analysis as an alternative to the DCF methodology
- Outlines the different types of real options
- Highlights the types of real options encountered in mergers and acquisitions
An option gives the holder the right, but not the obligation, to buy or sell a designated asset at a pre-determined price. A call option gives the holder the right to buy the underlying asset by a certain date for a certain price. A put option gives the holder the right to sell the underlying asset by a certain date for a certain price. The contract price is known as strike price or exercise price; the date in the contract is known as ...
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