FM407      Half Unit
Mergers, Buyouts and Corporate Restructurings

This information is for the 2024/25 session.

Teacher responsible

Professor Amil Dasgupta & Professor Alexander Gorbenko

Availability

This course is available on the MSc in Finance (full-time), MSc in Finance (full-time) (Work Placement Pathway), MSc in Finance and Private Equity and MSc in Finance and Private Equity (Work Placement Pathway). This course is not available as an outside option.

This course is not capped, any eligible student that requests a place will be given one.

This course does not permit auditing students.

Pre-requisites

Students must have completed Asset Markets (FM423) and Corporate Finance (FM422).

Course content

  • Financial analysis of corporate transactions
  • Mergers and acquisitions
  • Leveraged buyouts
  • Corporate restructuring in financial distress
  • Shareholder activism

This course focuses on the strategy, valuation and execution of corporate deals. In particular, the course examines several key types of transactions including mergers and acquisitions, leveraged buyouts, restructuring in financial distress, and shareholder activism. The course combines in-depth analysis based on financial economics drawing on academic research with a sustained focus on institutional details, utilizing a number of case studies to support the learning process.

Teaching

30 hours of seminars in the WT.

This course is taught in the interactive lecturing format. There is no distinction between lectures and classes/seminars; there are “sessions” only, and the pedagogical approach in each session is interactive.

Formative coursework

Students will be expected to complete coursework regularly.

Indicative reading

A course pack will be distributed that includes case studies as well as additional readings such as textbook chapters, and practitioner articles.

Assessment

Continuous assessment (100%) in the WT.

Key facts

Department: Finance

Total students 2023/24: 127

Average class size 2023/24: 63

Controlled access 2023/24: No

Value: Half Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

  • Team working
  • Problem solving
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills