DePamphilis - Mergers, acquisitions, and other restructuring activities an integrated approach to process, tools, cases, and solutions

Sixth Edition

Advance Praise for Mergers, Acquisitions, and Other Restructuring Activities, Sixth Edition

DePamphilis has masterfully covered in one book all relevant managerial, strategic, financial, accounting, legal, and tax aspects of M&A in an easily understood roadmap for any M&A transaction, large or small. With totally up-to-date material, he provides the crucial information that is necessary in today's rapidly changing M&A world.

Lloyd Levitin, Professor of Clinical Finance and Business Economics, University of Southern California

After teaching M&A for ten years, I was relieved when last semester I finally switched to DePamphilis' text. His single book replaced numerous other sources that I had to use before. His academic rigor is combined with his deep personal experience as a deal maker, and thus the textbook is highly valuable to both newcomers and those who have been involved in transactions for many years.

Viktoria Dalko, Professor of Global Finance, Harvard University Extension School

Mergers, Acquisitions, and Other Restructuring Activities, Sixth Edition, delivers an essential understanding of corporate restructuring processes by combining insights from many case studies with academic rigor. The book points out how M&A can create value as well as the ways it can lead to value destruction. In addition to state-of-the-art valuation techniques, it explains the regulatory corporate governance framework for both the United States and Europe. It's an excellent text, and I highly recommend it.

Luc Renneboog, Professor of Corporate Finance, CentRE, Tilburg University

Great textbook that in a simple and straightforward manner combines the latest insights from academia with contemporary industry practices. It fits perfect in a class of MBA students or executives. I will be sure to use it the next time I teach M&A.

Karin Thorburn, DnB Nor Professor of Finance, Norwegian School of Economics and Business Administration

Mergers, Acquisitions, and Other Restructuring Activities is quite simply an outstanding text. Don DePamphilis delivers a comprehensive guide to the M&A process from start to finish. In sum, Mergers, Acquisitions, and Other Restructuring Activities is a comprehensive, up-to-date, outstanding text.

Scott C. Linn, R.W. Moore Chair in Finance and Economic Development, University of Oklahoma

Praise for Mergers, Acquisitions, and Other Restructuring Activities, Fifth Edition

This is a truly comprehensive text and does a wonderful job at supplying the underlying motives and theory as well as the critical in practice elements that many books lack. It spans all types of M&A and restructuring transactions and covers all the relevant knowledge, from academic research to the practical legal, accounting, and regulatory details. The book is up to date and teaches the state-of-the-art techniques used today. The book contains numerous cases and spreadsheet support that enable the reader to put into practice everything that is covered. The combination of great writing and active case learning make this book the best I have seen in the M&A and restructuring arena.

Matthew T. Billett, Associate Professor of Finance, Henry B. Tippie Research Fellow, University of Iowa

I am happy to recommend the fifth edition of Mergers, Acquisitions, and Other Restructuring Activities. Having used prior editions of Don DePamphilis' text, I can affirm that the newest edition builds on a firm foundation of coverage, real-world examples, and readability. My students have consistently responded favorably to prior editions of the book. In the newest edition, I was delighted to discover that Don is expanding his coverage of family-owned businesses, already a strength in his earlier editions, which were distinguished by their coverage of the valuation of privately held businesses. Additional attention is paid to restructuring, bankruptcy, and liquidation as well as risk management, which are clearly topics of interest to every business person in today's economic climate.

Kent Hickman, Professor of Finance, Gonzaga University

This fifth edition is one of the most comprehensive books on mergers and acquisitions. The text combines theories, valuation models, and real-life cases to give business students an overall insight into the M&A deal process. The up-to-date real-life examples and cases provide opportunities for readers to explore and apply theories to a wide variety of scenarios such as cross-border transactions, highly levered deals, firms in financial distress, and family-owned businesses. The chapter on restructuring under bankruptcy and liquidation, both inside and outside the protection of bankruptcy court, is timely and most useful in light of today's economic crisis. Overall, this is an excellent book on mergers, acquisitions, and corporate restructuring activities.

Tao-Hsien Dolly King, Rush S. Dickson Professor of Finance, Associate Professor, Department of Finance, The Belk College of Business, University of North Carolina at Charlotte

Mergers, Acquisitions, and Other Restructuring Activities is an interesting and comprehensive look at the most important aspects of M&A and corporate restructuring from strategic and regulatory considerations and M&A deal processes, through several chapters on M&A valuation and deal structuring, to other types of restructuring activities. It not only provides a roadmap for M&A and other corporate restructuring transactions but also highlights key things to watch for. The book is clearly written with extensive but easy-to-follow case examples and empirical findings and cases to illustrate the points in the text. It is a book by an expert for M&A instructors and students as well as practitioners.

Qiao Lui, Faculty of Business and Economics, The University of Hong Kong

I am delighted with Don DePamphilis' Mergers, Acquisitions, and Other Restructuring Activities, Fifth Edition. It is a clear, comprehensive, and thorough discussion of the issues involving all restructuring activities. The use of mini-cases throughout each chapter both highlights and clarifies key elements of the decision-making process. The end-of-chapter discussion questions ideally complemented the problem set questions to challenge readers' understanding of the covered concepts. I am impressed with the current reflection of market conditions throughout the text and the extent of the changes to provide greater understanding for students. I expect to find that students will also be impressed with the clarity and structure of the text when I introduce the newest edition to my course. I recommend the fifth edition to any professor covering mergers, acquisitions, bankruptcies, or other restructuring topics which can be used with specific chapters to cover limited topics, or as a text with a complete course on restructurings.

John F. Manley, Professor of Finance, Hagan School of Business, Iona College

Mergers and Acquisitions continue to be among the preferred competitive options available to companies seeking to grow and prosper in the rapidly changing global business scenario. In this new updated and revised fifth edition of his path-breaking book, M&A expert Dr. DePamphilis illustrates how mergers, acquisitions, and other major forms of restructuring can help a company grow and prosper in the highly complex and competitive corporate takeover marketplace. Interspersed with highly relevant and up-to-date M&A case studies covering a broad range of industries are the multifarious aspects of corporate restructuring in an integrated manner adopting a lucid style. While academic research studies on the subject have been incorporated in a coherent manner at appropriate places in the book, every effort has been made by the author to deal with the intricacies of the subject by offering comprehensive coverage of the latest methods and techniques adopted in managing M&A transactions in general and in dealing with business valuations of both public and private companies in particular.