THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
Master of Business Administration
PMBA6076 – Mergers and Aquisitions
I. Information on Instructor and Tutor
Instructor: Dr. Matthias BUEHLMAIER Email: buehl-teaching [at] hku.hk Office: Room 1106, KKL Building Phone: +852 2219 4177 Consultation times: By appointment
Tutor: Mr. Clive HO Man Chung Office: Room 1026, KKL Buidling Phone: +852 2857 8514 E-Mail: hoclive [at] hku.hk Office hour: TBA
Pre-requisites: PMBA6003 Corporate Finance Recommended textbook: “Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions” by Joshua Rosenbaum and Joshua Pearl (Wiley, university edition, 2013). Please obtain the university edition since it contains additional materials such as end-of-chapter questions. (Copies of end-of-chapter questions will also be provided on the Moodle course website.)
II. Course Description and Objectives
Description: This course is designed to develop a solid understanding of commonly discussed and applied issues in mergers and acquisitions (M&As). The topics covered in this course include the M&A process, methods of valuing a target firm, valuing synergies, the form of payment and financing, assessing highly levered transactions, governance in M&A, and M&A negotiations. M&A cases will be used in discussing these topics. By going through analyses and discussions of real-life M&As, students will gain experience in the application of financial theories and techniques to evaluate M&A decisions and transactions.
1. Cultivate a deep and rich understanding of the M&A process from inception to completion.
2. Foster awareness of potential pitfalls in M&A.
3. Develop analytic competence to empower students to advance their careers in M&A, investment banking, and related fields.
III. Course Learning Outcomes (CLOs)
CLO 1 Understand the fundamental concepts and processes in M&A.
- Fall '17
- matthias buelhmer