20 Best Books On Mergers And Acquisitions (Jan 2023 Update)

While this version features a new dummies cover and design, the content is the same as the prior release and should not be considered a new or updated product. the easy way to make smart business transactions are you a business owner, investor, venture capitalist, or member of a private equity firm looking to grow your business by getting involved in a merger with, or acquisition of, another company? are you looking for a plain-english guide to how mergers and acquisitions can affect your investments? look no further. mergers & acquisitions for dummies explains the entire process step by step—from the different types of transactions and structures to raising funds and partnering. plus, you'll get expert advice on identifying targets, business valuation, doing due diligence, closing the purchase agreement, and integrating new employees and new ways of doing business. step-by-step techniques and real-world advice for making successful mergers and acquisitions covers international laws and regulations how to take advantage of high-value deals going beyond the case studies of other books, mergers & acquisitions for dummies is your one-stop reference for making business growth a success.

Mergers, acquisitions, and other restructuring activities: an integrated approach to process, tools, cases, and solutions, tenth edition, is the most comprehensive and cutting-edge text available on the subject. supported by recent peer-reviewed academic research, this book provides many recent, notable deals, precedent-setting judicial decisions, government policies and regulations, and trends affecting m&as, as well as takeover strategies and tactics. today's policies, politics and economics are reflected in the book's 40 case studies, 90% of which involve deals either announced or completed during the last several years. these cases represent friendly, hostile, highly leveraged, and cross-border transactions in ten different industries, involving public and private firms and those experiencing financial distress. sections discuss an overview of m&as, key regulations, common strategies and tactics, how managers may choose a business strategy from available options, valuation methods and basic financial modeling techniques, the negotiating process, how deal structuring and financing are inextricably linked, how consensus is reached during the bargaining process, the role of financial models in closing the deal and strategic growth options as alternatives to domestic m&as. provides a rigorous discussion of the strengths and limitations of financial modeling as applied to m&a and how these models can be applied in various areas includes new academic research and updated/revised case studies presents updated m&a tactics and strategies, along with court cases and new regulations governing business combinations, valuation methodologies and financing

The essential m&a primer, updated with the latest research and statistics mergers, acquisitions, and corporate restructurings provides a comprehensive look at the field's growth and development, and places m&as in realistic context amidst changing trends, legislation, and global perspectives. all-inclusive coverage merges expert discussion with extensive graphs, research, and case studies to show how m&as can be used successfully, how each form works, and how they are governed by the laws of major countries. strategies and motives are carefully analyzed alongside legalities each step of the way, and specific techniques are dissected to provide deep insight into real-world operations. this new seventh edition has been revised to improve clarity and approachability, and features the latest research and data to provide the most accurate assessment of the current m&a landscape. ancillary materials include powerpoint slides, a sample syllabus, and a test bank to facilitate training and streamline comprehension. as the global economy slows, merger and acquisition activity is expected to increase. this book provides an m&a primer for business executives and financial managers seeking a deeper understanding of how corporate restructuring can work for their companies. understand the many forms of m&as, and the laws that govern them learn the offensive and defensive techniques used during hostile acquisitions delve into the strategies and motives that inspire m&as access the latest data, research, and case studies on private equity, ethics, corporate governance, and more from large megadeals to various forms of downsizing, a full range of restructuring practices are currently being used to revitalize and supercharge companies around the world. mergers, acquisitions, and corporate restructurings is an essential resource for executives needing to quickly get up to date to plan their own company's next moves.

Applied mergers & acquisitions university edition "a well written and comprehensive journey into m&a…an essential reference for any m&a practitioner…this isn't just a book about great thoughts and process, but rather how to turn insight into deals, and deals into lasting value." —from the foreword by joseph r. perella chairman, institutional securities and investment banking group, morgan stanley "bob burner's applied mergers and acquisitions is a masterful and comprehensive treatment of the topic of m&a. the book is remarkably complete, discussing economic valuation, legal considerations, deal structure, ethics, accounting, post-merger integration-and more. it blends materials from practice and from academia in an easy-to-read style, making it a must-read, and want-to-read, for anyone interested in this subject." —peter tufano sylvan c. coleman professor of financial management, harvard school "how many boos really succeed in teaching m&a practitioners to distinguish among deals that should be avoided, deals that are promising but can't be executed by the teams involved, and deals where significant valu can be achieved? bruners is the ultimate teacher for practitioners who want to improve performence." —edward a. snyder dean and george pratt shultz professor of economics, university of chicago graduate school of business "bob bruner has achived the impossible: covering in one book all relevant economic, financial, accounting, legal, and tax aspects of mergers and acquisitions and illustrating each concept with case studies, impressive!" —thco vermaelen professor of finance, insead "bob bruner's book combines the best of academic thinking and business practice on one of the most fascinating and challenging topics in all of business. the area of mergers and acquisitions stretches executives and scholars to consider the whole realm of management practice-from strategy, to finance, to law, to negotiations, to integration planning, to human behavior." —robert s. harris dean, darden graduate school of business administration, university of virginia

Over 70% of all mergers and acquisitions are doomed to fail according to harvard business review. when deals fail, they destroy billions of dollars in value, affecting companies, employees, retirees, and communities. over a quarter of business leaders say avoidable problems with people, leadership, and culture are the primary cause of deal failure. this means the key to a successful m&a requires you to uncover significant people issues before it's too late! the hr practitioner's guide to mergers & acquisitions due diligence shows you how to avoid the hr headaches that arise in m&a-and make your deals more likely to beat the odds. in this step-by-step guide, dr. klint kendrick, who has personally led dozens of deals and is chair of the hr m&a roundtable, provides practical teachings, tools, and techniques to help you understand: how people, leadership, and culture issues will determine if your m&a is a success or failure – the six vital areas hr must explore for your due diligence efforts to make a difference – eight powerful methods for extracting critical data from the information ecosystem so you can uncover problems earlier – four fundamental ways to mitigate the hr risks that will doom your deal to failure if they're not addressed – a no-nonsense approach to assessing and retaining top talent during m&a, ensuring business continuity and maximizing value capture. overflowing with real-life examples and actionable tools and templates, this practical book helps you tackle the most vexing people issues that arise during business sales and acquisitions. – d., sphr is a sought-after expert on issues of people, leadership, and culture in m&a. he has worked on nearly 100 public and private mergers, acquisitions, joint ventures, and divestitures, making him a respected authority in the field. his presentations on the human side of m&a have been heard by hr and corporate development leaders at high-profile events sponsored by mercer, willis towers watson, the conference board, thomson reuters, bloomberg bna, and mc – kinsey. dr. kendrick chairs the hr m&a roundtable, a peer-learning forum for hr professionals working on m&as.

This casebook embodies the conviction that theoretical and practical legal education are complementary and no more so than in the setting of m&a transactions, where corporate lawyers are regularly called upon to draw on their substantive knowledge of the law to advise clients on how best to effectuate their business objectives.

With its inception at the end of the nineteenth century as a means of consolidation and reorganization, mergers and acquisitions (m&a) have since become quasi-institutionalized as one of the primary strategic options for organizations, as they seek to secure their position in an ever more competitive and globalizing market place. despite the optimism surrounding m&a as strategic moves, research on post-merger company performance suggests that most firms engaging in m&a activity do not achieve the sought-after performance targets, either immediately or in the years following the deal. what is it that drives m&a activity when research results do not support the performance expectations of these undertakings? alternatively, have m&a scholars got it all wrong in the way that m&a performance is measured? is the topic too complex, enduring, and multifaceted to study? the handbook argues that the field of m&a is in need of a re-rooting: past research needs to be critically reviewed, and fundamental assumptions revisited. a key issue preventing efforts in the practice and study of m&a from achieving dynamic syntheses has been the disciplinary gulf separating strategy, finance, and human relations schools. the handbook aims to bridge the hitherto separate disciplines engaged in the study and practice of m&a to provide more meaningful results. toward this end, the handbook brings together a set of prominent and emerging scholars and practitioners engaged in the study of m&a to provide thought-provoking, state of the art overviews of m&a through four specific 'lenses' – strategic, financial, socio-cultural, and sectorial approaches. by summarizing key findings in current research and exploring ways in which the differing approaches could and should be 'synthesized', it aims to highlight the key issues facing m&a practitioners and academics at the dawn of the third millennium.

The authoritative resource for analyzing mergers and acquisitions (m&a) from every angle paul pignataro reveals the secrets behind growth through m&a in his new book, mergers, acquisitions, divestitures, and other restructurings + website. through market shifts and regulatory changes, m&a has served as a solid approach to growth. creating value through mergers and acquisitions is a highly coveted strategy, and wall street has long sought a clear technical understanding of the components of m&a as a key driver of growth. in this book, the author provides that understanding, covering all essential aspects of accounting and modeling for the m&a process. with over a decade of experience aiding billion-dollar restructuring deals, paul pignataro is in an excellent position to break down m&a from a finance standpoint. mergers, acquisitions, divestitures, and other restructurings covers the financial accounting and modeling behind several m&a structures. using the merger of office depot and office max, mr. pignataro fully addresses the entire integration, explains ebitda, and other crucial performance measures. this text is for finance practitioners who want to explore every corner of the m&a process. learn accounting for asset acquisitions, asset divestitures, and corporate mergers explore modeling methods including mini-merger modeling and fully consolidated merger modeling read case studies demonstrating the practical success of theoretical models understand ebitda, cash flow, capital structure, and their impact on m&a success and value creation this new text from the ceo and founder of the new york school of finance is key for understanding how restructuring leads to growth and value creation. the importance of m&a shows no signs of slowing, meaning that finance professionals need to be able to accurately analyze the prospects and impacts of restructuring moves. mergers, acquisitions, divestitures, and other restructurings + website is the authoritative resource for doing just that.

Most mergers and acquisitions fail to deliver their expected outcomes, yet they remain essential for growing world–class companies, and those handling m&as must draw on all the tools at their disposal to improve their chances of success. now in its second edition, intelligent m&a looks at the full process of a merger or acquisition from start to finish, updated to reflect the impact of a global recession and show the new way of operating in the new business environment and a world more global than previously. covering current trends in the market and anticipating changes yet to take hold, moeller and brady identify areas where business intelligence can improve the odds of a favourable outcome and discuss how to navigate the mergers and acquisitions minefield. includes how to: design the best acquisition process control your advisors and other ‘outsiders’ identify the targets that really do fit your strategy defend against unsolicited hostile bids use intelligence techniques to conduct due diligence value, price and finance each deal to your advantage develop the best negotiation and bid strategy focus from the start on post-deal integration make acquisition skills one of your company’s core competency using techniques developed by governmental intelligence services and a wide range of updated case studies, quotations and anecdotes, intelligent m&a will show how to build success into every phase of the deal. “intelligent m&a is a fascinating read for anyone working in or around the fast moving m&a world. moeller and brady have applied the techniques of business intelligence to the m&a process to provide a unique insight into the successful execution of deals. their experience in the field and structured approach provides valuable lessons for everyone from business students to experienced practitioners.” —simon barnes, managing partner, circadia ventures llp

A concise, accessible, practical, and student-friendly presentation of the mergers and acquisitions materials that law students need to know in order to hit the ground running in a transactional setting. based on the fundamental precept that students taking the course are curious about the subject, but generally have limited familiarity with the business world of mergers and acquisitions, mergers and acquisitions: cases and materials, fourth edition introduces topics traditionally covered in the study of m&a law in terms that are accessible to the uninitiated law student, demystifying what is often an intimidating and overwhelmingly jargon-laden body of law.

A concise, accessible, practical, and student-friendly presentation of the mergers and acquisitions materials that law students need to know in order to hit the ground running in a transactional setting. based on the fundamental precept that students taking the course are curious about the subject, but generally have limited familiarity with the business world of mergers and acquisitions, mergers and acquisitions: cases and materials, fourth edition introduces topics traditionally covered in the study of m&a law in terms that are accessible to the uninitiated law student, demystifying what is often an intimidating and overwhelmingly jargon-laden body of law.

This book shows how to maximize the benefits to be gained from an acquisition, while reducing the risk of failure. it does so by discussing the strategies that are most successful for buyers, the steps and pitfalls in the acquisition process, how to gain government approval of an acquisition, and how to conduct a sufficiently detailed due diligence investigation. the book goes on to address those legal structures that are most beneficial from a tax perspective, how to develop a sensible purchase price, and how to engage in a seamless operational integration.

This book shows how to maximize the benefits to be gained from an acquisition, while reducing the risk of failure. it does so by discussing the strategies that are most successful for buyers, the steps and pitfalls in the acquisition process, how to gain government approval of an acquisition, and how to conduct a sufficiently detailed due diligence investigation. the book goes on to address those legal structures that are most beneficial from a tax perspective, how to develop a sensible purchase price, and how to engage in a seamless operational integration.

The power your company can generate in concert with another is immense. but mergers and acquisitions are incredibly complicated, involving issues ranging from valuation and deal structure to tax and securities laws. and things have only gotten more complicated in the increasingly global, post-madoff era. a comprehensive, hands-on resource–now fully revised and updated–the third edition of mergers and acquisitions from a to z shows you how to get m&a deals done right.containing valuable tools, checklists, and sample documents, the book spells out the latest trends and developments in middle-market m&a best practices, and walks you through every step of the deal, from preliminary considerations to due diligence, through each and every piece of necessary documentation, all the way to closing. the book explains key market conditions and trends, how to understand and take into consideration the motivations of each party, and ways to evaluate possible alternative paths to achieving growth goals and objectives. written in an easy-to-read, easy-to-understand, nontechnical voice, and presenting creative strategies for structuring and financing m&a transactions during turbulent market conditions, this long-trusted guide reveals how to boost both the immediate financial position and the long-term outlook for your organization. the book provides a thorough overview of the entire process, showing you how to: * prepare for and initiate the deal, understanding both the buyer''s and seller''s perspective on the transaction * create a letter of intent, as well as understanding which kind to use (binding, nonbinding, or hybrid) * conduct up-to-the-minute due diligence in line with the sarbanes-oxley act, performing a thorough legal, financial, and operational analysis, as well as identifying and quantifying areas of concern * take into account regulatory considerations, such as environmental, antitrust, securities, and others, as well as those specific to your industry * structure the deal with a proper understanding of the profound effects the transaction will have on your organization''s taxes, shareholders, accounting, and other financial considerations * determine which valuation methods to use and why the established value is only one component in calculating the actual purchase price * obtain financing even under turbulent market conditions, and decide if seller financing, venture capital, securities, or other alternatives are the proper choice for your transaction illustrating what works and why with case studies and war stories, the book brings you up to speed on the essential steps and guidelines behind well-executed m&a transactions. whether you''re a novice or a veteran to the complex world of mergers and acquisitions, this book ensures that you have a thorough understanding of the latest key economic trends and market conditions that may affect your deal…and gives you the assurance you need to get the deal done smoothly and ensure post-transaction success. andrew sherman is a partner in the m&a department at jones day, a global law firm with over 2,500 lawyers in 40 capital markets finance centers. he is internationally recognized as an authority on the legal and strategic issues of growing companies and on mergers and acquisitions in the middle market. an adjunct professor in the mba programs at georgetown and the university of maryland, he is the author of raising capital and franchising and licensing.

This book focuses on the 11 men, lawyers and bankers, who are responsible for the creation of wall street's merger industry. it specifically concentrates on the events and personalities who dominated wall street during the takeover battles of the 1970s and 1980s. lawyers joe flom and marty lipton, the godfathers of modern m&a, educated bankers on takeover laws and regulations as well as tactics. flom and lipton were also superlative businessmen who built their own firms to become wall street powerhouses. the two men drew into their orbit a circle of bankers. felix rohatyn, ira harris, steve friedman, geoff boisi, eric gleacher and bruce wasserstein were close to lipton. robert greenhill and joe perella were close to flom. m&a titans provides insight into the culture of the different investment banks and how each of the bankers influenced the firms they worked in as they became more powerful. some such as gleacher, harris, wasserstein, perella and greenhill clashed with the men running their firms and left. others such as friedman and boisi stayed and profoundly influenced how the firm did business. the career of michael milken, perhaps the notorious name on wall street in the 1980s, is also examined as well as the actions and tactics of his firm, drexel burnham lambert. milken and drexel paved the way for the growth of private equity and helped popularize attacks on management by investors such as boone pickens and carl icahn.

At least 75% of all mergers and acquisitions fail. it doesn't have to be that way. don scales has been in the professional services business for more than three decades. during that time, he has been involved in more than forty m&a deals, on both the buyer and seller side. he has learned firsthand what works and what doesn't, and has long thought about writing a book to share his knowledge with others. the m&a solution: a values-based approach to integrate companies is the result of his realization that participants in m&a transactions often fail to focus on one important factor–corporate values. corporate management teams have known for decades that competing values and culture clashes put more deals at risk than any other single factor. yet, because values are hard to measure, they are often ignored when due diligence is being done. don gives the reader the benefit of his experience and knowledge when it comes to analyzing values for fit. by using don's methods to focus on corporate values, management teams can mitigate culture-clash risk and increase the odds of succeeding. it's that simple.

Mergers and acquisitions (m&as) reshape the corporate landscape helping companies expand market share and gain a strategic advantage. the ability to understand and analyze these transactions is a crucial skill. the first step in acquiring that skill is being able to gather and analyse information on m&as from public sources, such as financial statements. this textbook helps its readers better analyze m&a transactions using information provided in financial statements. covering accounting and reporting of consolidations, goodwill, non-controlling interests, step acquisitions, spin-offs, equity carve-outs, joint ventures, leveraged buyouts, disposal of subsidiaries, special purpose entities, and taxes, it focuses on the link between underlying economic events and the information in financial statements and how this link affects the assessment of corporate performance. the first part of the book provides description of the accounting rules governing m&a transactions, while the second part includes cases of m&a transactions. each case focuses on a different element of an m&a transaction, and it is followed by a detailed solution with a complete analysis. unlike other books in this field, this textbook focuses exclusively on accounting and financial analysis for graduate and upper undergraduate level courses in financial analysis, corporate finance, and financial accounting.

What happens when electric utility monopolies pursue their acquisition interests undisciplined by competition, and insufficiently disciplined by the regulators responsible for replicating competition? since the mid-1980s, mergers and acquisitions of u.s. electric utilities have halved the number of local, independent utilities. mostly debt-financed, these transactions have converted retiree-suitable investments into subsidiaries of geographically scattered conglomerates. written by one of the u.s.'s leading regulatory thinkers–a litigating attorney, regulatory advisor, expert witness and law professor–this book combines legal, accounting, economic and financial analysis with insights from the dynamic field of behavioral economics. with a clear assessment of the 30-year march of u.s. electricity mergers, the author describes the economic losses that result when merger promoters and their transactions face neither the discipline of competition nor the rigors of regulation. this work is essential reading for regulatory practitioners, consumer advocates and investment advisors–as well as citizens concerned with concentration of economic power. the principles explored are relevant anywhere regulated utility monopolies have the legal right to merge, acquire or be acquired.

Statistical studies over the last forty-five years show that, although there are success stories, very many mergers and acquisitions do not result in the increased operating profits that economics textbooks would lead one to expect. as consultancy mckinsey have put it, 'anyone who has researched merger success rates knows that roughly 70% fail'. yet-mysteriously-merger and acquisition activity has boomed across the globe, with a forty-fold increase in deals done each year now compared with four decades ago, in spite of the adverse general evidence. how can it be that talented, energetic, highly skilled, law-abiding, income-maximising participants in the m&a market will often promote mergers that lead to no operating gains, frequently with adverse effects on the wider economy too? drawing on findings from a wealth of statistical analyses and case evidence from many businesses, the book presents answers to this merger mystery. in a synthesis of ideas from several disciplines, solutions are detected in misaligned incentives, distorted financial engineering and information asymmetry. by revealing how weaknesses at multiple points can interact and cumulate to produce inefficient outcomes, the discussion serves as a corrective to the overwhelmingly positive tone of most commentary on m&a, whilst also advocating changes in participants' contracts, in taxation, and in regulation which could significantly reduce the number of mergers that fail.designed to be accessible to a wide readership, the book will be of interest to investors, to m&a practitioners and commentators, to researchers and students of economics, political economy, finance, management and accounting, and-importantly-to policy makers working in these areas.

The new m&a strategy for long-term success in today’s volatile markets "rich in examples and details, well-grounded in wisdom from years of experience, and blessedly practical . . . . engaging, well-written, and loaded with worthy insights. study this book and prosper." — dr. robert b runer, dean, university of virginia’s darden school of business, and author of deals from hell, the panic of 1907, and applied mergers & acquisitions. "drawing on his experience with more than 100 m&a transactions, hoffmann has written a defi nitive 'how-to' for acquiring companies in the below $50 million sales market space. the examples . . . [offer] astute insight into every feature of the topic." — dr. nancy bagranoff, dean, robins school of business of the university of richmond; president of the american accounting association; and coauthor of core concepts of consulting for accountants and core concepts of it auditing. "this is a wonderful history with compelling lessons from the great successes of the trader publishing and landmark communications leadership and business model. the reflection on past deals gone wrong helps the reader understand why you do deals, how to pursue m&a, and what principles you need to be successful." — macon b. rock, founder and chairman of dollar tree stores, inc., and founder and former president of k&k toys. "a must-read for those who hope to start small and grow big by acquiring, improving, and innovating. following his rules may not lead you to be part of the 1 percent, but it will certainly keep you from being part of the 70 percent that fail." — howard s. tevenson, senior associate dean, harvard university; director of publishing, harvard business publishing company board; and author of new business ventures and the entreprenuer, make your own luck, and do lunch or be lunch.