MergersandAcquisitions幻灯片.pptVIP

Corporate Finance  Ross ? Westerfield ? Jaffe;Chapter Outline;30.1 The Basic Forms of Acquisitions;Varieties of Takeovers;30.2 The Tax Forms of Acquisitions;30.3 Accounting for Acquisitions;30.4 Determining the Synergy from an Acquisition;30.5 Source of Synergy from Acquisitions;30.6 Calculating the Value of the Firm after an Acquisition;30.7 A Cost to Stockholders from Reduction in Risk;The NPV of a Merger: Common Stock;Cash versus Common Stock;30.10 Defensive Tactics;Divestitures;The Corporate Charter;Repurchase Standstill Agreements;Exclusionary Self-Tenders;Going Private and LBOs;Other Devices and the Jargon of Corporate Takeovers;30.11 Some Evidence on Acquisitions: The Short Run;30.11 Some Evidence on Acquisitions: The Long Run;30.12 The Japanese Keiretsu;30.13 Summary and Conclusions;30.13 Summary and Conclusions;Corporate Finance  Ross ? Westerfield ? Jaffe;Executive Summary;Chapter Outline;31.1 What is Financial Distress?;Insolvency;Insolvency;The Largest U.S. Bankruptcies ;31.2 What Happens in Financial Distress?;Reorganize and emerge;Responses to Financial Distress;31.3 Bankruptcy Liquidation and Reorganization;Bankruptcy Liquidation;Bankruptcy Liquidation: Priority of Claims;APR Example;APR Example;Bankruptcy Reorganization: Chapter 11;Reorganization Example;Reorganization Example;Reorganization Example;Absolute Priority Rule in Practice;Reasons for APR Violations;Vultures;31.4 Private Workout or Bankruptcy: Which is Best?;31.4 Private Workout or Bankruptcy: Which is Best?;31.5 Prepackaged Bankruptcy;31.6 Summary and Conclusions