Mergers and acquisitions (M&As) can be considered as a dynamic strategy for corporate expansion and growth. M&As and corporate restructuring have historically seen a pattern of merger ‘waves’ in diverse business sectors, although financial results have not always justified the underlying motives. The course provides a concise and solid theoretical and empirical background on the M&A field, based on applied tools, modern methods, and techniques. Case studies and empirical applications are incorporated to elaborate on the theoretical and empirical issues. The M&A objectives, motives, stages, and processes are discussed, their financial consequences are assessed and their impact on both acquirer and target firms is analyzed. Emphasis is placed on acquisition strategies, target selection, merger valuation, and shareholder value implications.
