ERM-812-15: Valuation for Mergers and Acquisitions, Ch. 1


Reading Source: ERM-812-15 Study Note

Topics Covered in this Reading:

  • Market View
  • Why Companies Merge or Acquire: A Historical Perspective
    • Mergers and Acquisition Waves
    • Motivations for Mergers and Acquisition
  • Do Mergers and Acquisition Create Shareholder Value?
  • Merger and Acquisition Premiums
    • Five Principal Explanations for Value Destruction with M&A
  • Valuation Process
    • Five Steps to Value a Company
  • Valuation Methods: An Overview
    • Relative Valuation Methods
    • Direct Valuation Methods
    • The Use of Valuation Methods
  • Summary