Syllabus

Title
2191 K5 - Corporate Restructuring
Instructors
Assist.Prof. Maria Chaderina, Ph.D.
Contact details
  • Type
    PI
  • Weekly hours
    2
  • Language of instruction
    Englisch
Registration
09/12/18 to 09/23/18
Registration via LPIS
Notes to the course
This class is only offered in winter semesters.
Subject(s) Bachelor Programs
Dates
Day Date Time Room
Thursday 10/04/18 08:30 AM - 10:30 AM TC.5.02
Tuesday 10/09/18 08:30 AM - 10:30 AM TC.4.04
Thursday 10/11/18 08:30 AM - 10:30 AM TC.5.02
Tuesday 10/16/18 08:30 AM - 10:30 AM TC.4.04
Tuesday 10/23/18 08:30 AM - 10:30 AM TC.4.04
Thursday 10/25/18 08:30 AM - 10:30 AM TC.5.02
Tuesday 10/30/18 08:30 AM - 10:30 AM TC.4.04
Tuesday 11/06/18 08:30 AM - 10:30 AM TC.4.12
Thursday 11/08/18 08:30 AM - 10:30 AM TC.5.02
Tuesday 11/13/18 08:30 AM - 10:30 AM TC.4.04
Thursday 11/15/18 08:30 AM - 10:30 AM TC.5.02
Tuesday 11/27/18 08:30 AM - 10:30 AM TC.4.04
Tuesday 12/04/18 08:30 AM - 10:30 AM TC.4.04
Tuesday 12/11/18 08:30 AM - 11:30 AM TC.5.27

Contents

Value Based Management

Value MethodsMergers and Acquisitions

Tender Offers and Takeover Defences

Asset Sales and Divestitures

LBO´s, Private Equity

Review Session

Learning outcomes

This course examines factors that underline corporate restructuring transactions: mergersand acquisitions, assets sales and spin-offs, levered buyouts and financial restructuring.Building off the theoretical aspects of the optimal boundaries of the firm, we willdiscuss how institutional settings affect trade-offs of smaller/larger firms, diversification,financing decisions, etc. We will analyze empirical evidence on each type of restructuringtransaction, and in particular, we will focus on how value was created or destroyed forshareholders, bondholders and other stakeholders.

After successfully completing this course, students will be able to critically analyse the potential benefits and costs of a merger, spin-off, LBO and other transactions.  Students will practice presenting their solutions of business cases build off various corporate restructurings that involved major corporations.

Attendance requirements

There are total 14 meetings. The last one is exam, so students have to attend this one. The meeting #13 is a Q&A session, attendance is optional. Out of the core 12 meetings students have to attend at least 7 to pass the course.

Teaching/learning method(s)

In the course of this class, students are expected to conduct strategic and financialanalysis of proposed restructuring transactions and make specific recommendations.

Assessment

Home Assignment 20%

Case Presentation and Written Report 30%

Class Participation 10%

Final Exam 40%.

Readings

1 Author: T.Koller, T. Goedhart, D.Wessels
Title: Measuring and Managing the Value of Companies

Publisher: Wiley Sons
Edition: 5
Year: 2010
2 Remarks: Reading materials as well as cases are available at Learn@WU.

Availability of lecturer(s)

Name: Maria Chaderina, PhD

email: maria.chaderina@wu.ac.at

Office Hours: Monday 15:00-16:00.

Other

You find more information about the course click : Downloads
Last edited: 2018-06-21



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