Session	Dates	Price
Fall Semester 2009 - Language and Electives	Late August - Mid December 2009	TBA
Academic Year 2009-2010 - Language and Electives	Late August 2009 - Late June 2010	TBA

Full Description

OBJECTIVES
To demonstrate how to analyze processes of acquisitions, mergers and de-mergers from a financial management perspective, as well as current methods of business valuation. Competences and skills that they will acquire: how to value a business and how to finance acquisitions and mergers.

COURSE DESCRIPTION
Fundamentals of the economics and financing of acquisitions. Analysis of the target business. Acquisition finance. Methods of business integration. Mergers, acquisitions and takeovers. Hostile and friendly takeover bids. Defense strategies. Public offerings. Public offerings by subscription. Methods and practices of business valuation.

BIBLIOGRAPHY
OPELAND, T., KOLLER, T. y MURRIN, J.: Valuation: Managing the Value of Companies. John Wiley, Nueva York 2001. (3ªed.).
DAMODARAN, A.: Investment Valuation. John Wiley. Nueva York 2002. (2ª ed.). GAUGHAN, P.: Mergers, Acquisitions and Corporate Restructurings. John Wiley. Nueva York 1999. (2ª ed.).
MASCAREÑAS, J.: Fusiones y Adquisiciones de Empresas. Mc Graw Hill. Madrid 2005. (4ª ed.).

METHODOLOGY
Lectures with student participation. Opportunities for group work and regular review sessions. Tutorials.

EVALUATION
Final theoretical exam and a practical exam.